Barclays PLC lifted its stake in shares of Ryerson Holding Co. (NYSE:RYI – Free Report) by 167.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,330 shares of the basic materials company’s stock after purchasing an additional 34,604 shares during the quarter. Barclays PLC owned about 0.17% of Ryerson worth $1,101,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers grew its position in Ryerson by 10.5% in the second quarter. Rhumbline Advisers now owns 47,407 shares of the basic materials company’s stock worth $924,000 after buying an additional 4,521 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ryerson by 983.8% in the 2nd quarter. Victory Capital Management Inc. now owns 434,508 shares of the basic materials company’s stock worth $8,473,000 after acquiring an additional 394,415 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ryerson by 14.2% during the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock worth $15,281,000 after purchasing an additional 97,556 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ryerson by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 75,339 shares of the basic materials company’s stock valued at $1,469,000 after purchasing an additional 2,529 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock valued at $5,433,000 after purchasing an additional 70,901 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.
Ryerson Trading Up 8.9 %
NYSE:RYI opened at $19.73 on Tuesday. The stock’s 50-day moving average is $22.29 and its two-hundred day moving average is $21.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The stock has a market cap of $628.34 million, a PE ratio of 32.34 and a beta of 1.59. Ryerson Holding Co. has a fifty-two week low of $17.18 and a fifty-two week high of $36.15.
Ryerson Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.1875 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.75 annualized dividend and a yield of 3.80%. Ryerson’s dividend payout ratio is currently 122.95%.
Insider Buying and Selling at Ryerson
In related news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares in the company, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.88% of the company’s stock.
About Ryerson
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.
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