Rhumbline Advisers Acquires 4,521 Shares of Ryerson Holding Co. (NYSE:RYI)

Rhumbline Advisers boosted its holdings in Ryerson Holding Co. (NYSE:RYI) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,407 shares of the basic materials company’s stock after acquiring an additional 4,521 shares during the quarter. Rhumbline Advisers owned 0.14% of Ryerson worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RYI. Charles Schwab Investment Management Inc. increased its stake in Ryerson by 16.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,476 shares of the basic materials company’s stock worth $15,414,000 after acquiring an additional 62,384 shares during the last quarter. Principal Financial Group Inc. increased its stake in Ryerson by 28.1% in the 4th quarter. Principal Financial Group Inc. now owns 17,997 shares of the basic materials company’s stock worth $624,000 after acquiring an additional 3,947 shares during the last quarter. Trexquant Investment LP bought a new position in Ryerson in the 4th quarter worth about $287,000. MMCAP International Inc. SPC bought a new position in shares of Ryerson during the 4th quarter valued at about $278,000. Finally, CastleKnight Management LP bought a new position in shares of Ryerson during the 4th quarter valued at about $3,087,000. 94.81% of the stock is currently owned by institutional investors.

Ryerson Price Performance

Shares of Ryerson stock opened at $19.35 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $664.40 million, a PE ratio of 7.50 and a beta of 1.56. The business’s 50-day moving average price is $20.37 and its 200-day moving average price is $24.03. Ryerson Holding Co. has a 12 month low of $17.57 and a 12 month high of $36.20.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $1.23 billion for the quarter. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. During the same quarter last year, the company posted $1.06 earnings per share.

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.188 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.89%. Ryerson’s dividend payout ratio (DPR) is presently 29.07%.

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.