Quantbot Technologies LP Sells 9,903 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

Quantbot Technologies LP trimmed its holdings in Algoma Steel Group Inc. (NASDAQ:ASTL) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,472 shares of the company’s stock after selling 9,903 shares during the quarter. Quantbot Technologies LP’s holdings in Algoma Steel Group were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. FMR LLC purchased a new position in shares of Algoma Steel Group during the third quarter valued at approximately $36,008,000. Yaupon Capital Management LP bought a new position in Algoma Steel Group during the 3rd quarter valued at approximately $9,165,000. Invenomic Capital Management LP raised its stake in Algoma Steel Group by 112.1% during the third quarter. Invenomic Capital Management LP now owns 636,917 shares of the company’s stock valued at $6,516,000 after buying an additional 336,687 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Algoma Steel Group in the fourth quarter worth $1,248,000. Finally, PDT Partners LLC grew its stake in shares of Algoma Steel Group by 476.0% in the third quarter. PDT Partners LLC now owns 80,337 shares of the company’s stock worth $822,000 after acquiring an additional 66,390 shares during the last quarter. 72.00% of the stock is owned by hedge funds and other institutional investors.

Algoma Steel Group Price Performance

ASTL opened at $5.71 on Monday. The firm has a market cap of $598.89 million, a PE ratio of -4.50 and a beta of 1.47. The stock has a 50-day moving average price of $7.35 and a 200-day moving average price of $9.10. Algoma Steel Group Inc. has a 1 year low of $5.20 and a 1 year high of $12.14. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.20 annualized dividend and a dividend yield of 3.50%. Algoma Steel Group’s dividend payout ratio is presently -17.54%.

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.