BNP Paribas Financial Markets Acquires 65,219 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

BNP Paribas Financial Markets raised its position in Companhia Siderúrgica Nacional (NYSE:SID) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 617,047 shares of the basic materials company’s stock after purchasing an additional 65,219 shares during the period. BNP Paribas Financial Markets’ holdings in Companhia Siderúrgica Nacional were worth $1,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth $3,585,000. Dynamic Technology Lab Private Ltd purchased a new stake in Companhia Siderúrgica Nacional during the third quarter valued at about $101,000. Caprock Group LLC bought a new stake in Companhia Siderúrgica Nacional during the third quarter worth about $57,000. Savvy Advisors Inc. purchased a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter worth about $55,000. Finally, PDS Planning Inc bought a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter valued at about $32,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 10th.

Companhia Siderúrgica Nacional Price Performance

SID stock opened at $1.83 on Monday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.89 and a current ratio of 1.34. The firm has a market cap of $2.54 billion, a P/E ratio of -61.00 and a beta of 2.12. The firm’s fifty day moving average is $2.07 and its 200 day moving average is $2.19. Companhia Siderúrgica Nacional has a 52 week low of $1.82 and a 52 week high of $4.03.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.0952 dividend. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio is currently -733.33%.

Companhia Siderúrgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.