Gamco Investors INC. ET AL Has $437,000 Stock Holdings in Algoma Steel Group Inc. (NASDAQ:ASTL)

Gamco Investors INC. ET AL lifted its holdings in shares of Algoma Steel Group Inc. (NASDAQ:ASTLFree Report) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,325 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Gamco Investors INC. ET AL owned 0.06% of Algoma Steel Group worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ASTL. JPMorgan Chase & Co. increased its position in shares of Algoma Steel Group by 1,414.9% during the first quarter. JPMorgan Chase & Co. now owns 51,508 shares of the company’s stock valued at $579,000 after acquiring an additional 48,108 shares during the last quarter. Bank of Montreal Can increased its position in shares of Algoma Steel Group by 30.4% during the first quarter. Bank of Montreal Can now owns 75,868 shares of the company’s stock valued at $870,000 after acquiring an additional 17,698 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Algoma Steel Group during the first quarter valued at approximately $561,000. Renaissance Technologies LLC purchased a new stake in shares of Algoma Steel Group during the first quarter valued at approximately $730,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Algoma Steel Group during the first quarter valued at approximately $249,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Algoma Steel Group Stock Performance

NASDAQ:ASTL opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.88 and a quick ratio of 1.37. The business has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $7.82. Algoma Steel Group Inc. has a 1 year low of $6.34 and a 1 year high of $10.25. The company has a market capitalization of $854.17 million, a P/E ratio of 82.10 and a beta of 1.57.

Algoma Steel Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 29th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Wednesday, February 28th. Algoma Steel Group’s dividend payout ratio is currently 200.00%.

Algoma Steel Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Algoma Steel Group (NASDAQ:ASTL)

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