Barclays PLC Grows Stock Holdings in Olympic Steel, Inc. (NASDAQ:ZEUS)

Barclays PLC increased its stake in Olympic Steel, Inc. (NASDAQ:ZEUS) by 275.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,532 shares of the basic materials company’s stock after buying an additional 11,392 shares during the period. Barclays PLC owned 0.14% of Olympic Steel worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Olympic Steel in the third quarter worth $27,000. XTX Topco Ltd bought a new position in Olympic Steel in the 2nd quarter worth about $201,000. Point72 DIFC Ltd purchased a new stake in Olympic Steel during the 3rd quarter valued at about $184,000. HighTower Advisors LLC bought a new stake in Olympic Steel during the 3rd quarter valued at about $202,000. Finally, SG Americas Securities LLC purchased a new position in Olympic Steel in the third quarter worth about $245,000. Institutional investors own 87.07% of the company’s stock.

Olympic Steel Stock Down 0.1 %

Olympic Steel stock opened at $33.67 on Friday. Olympic Steel, Inc. has a 12 month low of $30.29 and a 12 month high of $73.49. The stock has a fifty day simple moving average of $37.50 and a two-hundred day simple moving average of $39.71. The company has a current ratio of 3.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35. The firm has a market cap of $374.75 million, a price-to-earnings ratio of 14.77 and a beta of 1.53.

Olympic Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 1.78%. Olympic Steel’s payout ratio is 26.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Olympic Steel from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.