Assenagon Asset Management S.A. Sells 17,331 Shares of Ryerson Holding Co. (NYSE:RYI)

Assenagon Asset Management S.A. trimmed its position in Ryerson Holding Co. (NYSE:RYIFree Report) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 244,316 shares of the basic materials company’s stock after selling 17,331 shares during the period. Assenagon Asset Management S.A. owned 0.71% of Ryerson worth $8,473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in Ryerson in the third quarter valued at $27,000. Tower Research Capital LLC TRC increased its holdings in Ryerson by 151.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,024 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 616 shares during the period. Citigroup Inc. increased its holdings in Ryerson by 68.4% in the first quarter. Citigroup Inc. now owns 1,561 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 634 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Ryerson by 24.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,861 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 362 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Ryerson in the second quarter valued at $53,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Stock Performance

NYSE RYI opened at $33.50 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.23 and a beta of 1.65. Ryerson Holding Co. has a twelve month low of $26.15 and a twelve month high of $44.70. The stock has a fifty day simple moving average of $32.88 and a 200 day simple moving average of $31.17. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 0.47.

Ryerson (NYSE:RYIGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.49. Ryerson had a return on equity of 16.33% and a net margin of 2.85%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted ($0.65) earnings per share.

Ryerson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $0.188 per share. This is an increase from Ryerson’s previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, March 6th. Ryerson’s dividend payout ratio (DPR) is presently 18.43%.

Insiders Place Their Bets

In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $32.77, for a total transaction of $242,727.39. Following the completion of the sale, the insider now directly owns 13,077 shares in the company, valued at approximately $428,533.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.88% of the company’s stock.

Ryerson Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryerson (NYSE:RYI)

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