Barclays PLC Boosts Position in Olympic Steel, Inc. (NASDAQ:ZEUS)

Barclays PLC lifted its position in Olympic Steel, Inc. (NASDAQ:ZEUS) by 275.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,532 shares of the basic materials company’s stock after purchasing an additional 11,392 shares during the quarter. Barclays PLC owned about 0.14% of Olympic Steel worth $606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC grew its stake in shares of Olympic Steel by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 13,921 shares of the basic materials company’s stock valued at $624,000 after buying an additional 390 shares during the period. Janney Montgomery Scott LLC grew its position in Olympic Steel by 2.0% in the third quarter. Janney Montgomery Scott LLC now owns 30,120 shares of the basic materials company’s stock worth $1,175,000 after acquiring an additional 578 shares during the period. nVerses Capital LLC acquired a new stake in Olympic Steel during the third quarter worth $27,000. Texas Permanent School Fund Corp lifted its stake in shares of Olympic Steel by 9.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 9,387 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 813 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Olympic Steel by 6.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,595 shares of the basic materials company’s stock worth $968,000 after purchasing an additional 1,260 shares during the period. 87.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Olympic Steel Stock Up 1.1 %

Olympic Steel stock opened at $32.81 on Thursday. The company has a market capitalization of $365.27 million, a PE ratio of 14.39 and a beta of 1.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. Olympic Steel, Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $73.49. The firm has a 50 day moving average price of $38.62 and a 200 day moving average price of $40.68.

Olympic Steel Dividend Announcement

The company 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 was Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. Olympic Steel’s dividend payout ratio is presently 26.32%.

Olympic Steel 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.