Proficio Capital Partners LLC Invests $339,000 in Ryerson Holding Co. (NYSE:RYI)

Proficio Capital Partners LLC purchased a new stake in shares of Ryerson Holding Co. (NYSE:RYI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,306 shares of the basic materials company’s stock, valued at approximately $339,000. Proficio Capital Partners LLC owned 0.06% of Ryerson as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Ryerson by 31.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after acquiring an additional 203,314 shares during the period. JB Capital Partners LP boosted its stake in shares of Ryerson by 4.0% during the 3rd quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock worth $42,430,000 after purchasing an additional 82,313 shares during the period. Victory Capital Management Inc. grew its holdings in Ryerson by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company’s stock valued at $22,502,000 after purchasing an additional 65,181 shares during the last quarter. State Street Corp raised its position in Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after purchasing an additional 43,780 shares during the period. Finally, Barclays PLC lifted its stake in Ryerson by 167.0% in the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock worth $1,101,000 after purchasing an additional 34,604 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their target price on Ryerson from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, February 24th.

Insider Buying and Selling

In related news, CEO Edward J. Lehner sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now directly owns 593,228 shares of the company’s stock, valued at $14,706,122.12. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the transaction, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. 3.95% of the stock is owned by insiders.

Ryerson Stock Performance

RYI stock opened at $23.27 on Wednesday. The firm has a market cap of $741.17 million, a price-to-earnings ratio of -89.50 and a beta of 1.53. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $34.65. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $22.92 and its two-hundred day simple moving average is $21.95.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.34. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. Analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.1875 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.22%. Ryerson’s payout ratio is -288.46%.

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.