Steelcase Inc. (NYSE:SCS) Position Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in shares of Steelcase Inc. (NYSE:SCS) by 36.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,997 shares of the business services provider’s stock after acquiring an additional 27,392 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.09% of Steelcase worth $1,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCS. R Squared Ltd bought a new stake in shares of Steelcase in the 4th quarter valued at approximately $36,000. Centiva Capital LP bought a new stake in shares of Steelcase in the 3rd quarter valued at approximately $181,000. Creative Planning grew its stake in shares of Steelcase by 8.7% in the 3rd quarter. Creative Planning now owns 13,470 shares of the business services provider’s stock valued at $182,000 after buying an additional 1,075 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Steelcase by 33.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,028 shares of the business services provider’s stock valued at $207,000 after buying an additional 4,011 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Steelcase in the 3rd quarter valued at approximately $347,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Steelcase Stock Up 1.7 %

Shares of Steelcase stock opened at $12.53 on Wednesday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 13.05, a PEG ratio of 1.25 and a beta of 1.35. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $11.76 and a two-hundred day moving average price of $12.68. Steelcase Inc. has a 12-month low of $10.90 and a 12-month high of $14.74.

Steelcase (NYSE:SCS) last announced its earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The firm had revenue of $794.90 million during the quarter, compared to analysts’ expectations of $796.58 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Steelcase Inc. will post 1 earnings per share for the current year.

Steelcase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.19%. Steelcase’s payout ratio is 41.67%.

Insider Activity at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the completion of the transaction, the vice president now directly owns 114,481 shares in the company, valued at $1,344,006.94. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.96% of the stock is currently owned by corporate insiders.

Steelcase Company Profile

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.