Barclays PLC Has $263,000 Stake in Algoma Steel Group Inc. (NASDAQ:ASTL)

Barclays PLC grew its holdings in shares of Algoma Steel Group Inc. (NASDAQ:ASTL) by 147.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,711 shares of the company’s stock after acquiring an additional 15,305 shares during the quarter. Barclays PLC’s holdings in Algoma Steel Group were worth $263,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ASTL. FMR LLC bought a new stake in shares of Algoma Steel Group during the third quarter worth about $36,008,000. American Century Companies Inc. grew its holdings in shares of Algoma Steel Group by 89.9% during the second quarter. American Century Companies Inc. now owns 308,543 shares of the company’s stock worth $2,140,000 after purchasing an additional 146,104 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Algoma Steel Group by 106.8% during the second quarter. Renaissance Technologies LLC now owns 126,133 shares of the company’s stock worth $878,000 after purchasing an additional 65,133 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Algoma Steel Group by 6.6% in the third quarter. Intact Investment Management Inc. now owns 1,298,600 shares of the company’s stock valued at $13,309,000 after acquiring an additional 80,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Algoma Steel Group in the second quarter valued at approximately $939,000. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Stock Performance

Shares of ASTL stock opened at $8.94 on Monday. The business’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $9.60. Algoma Steel Group Inc. has a one year low of $6.67 and a one year high of $12.14. The stock has a market capitalization of $936.21 million, a PE ratio of -7.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66.

Algoma Steel Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, November 27th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, November 27th. Algoma Steel Group’s payout ratio is presently -15.75%.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.