Olympic Steel, Inc. (NASDAQ:ZEUS) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Olympic Steel, Inc. (NASDAQ:ZEUSFree Report) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 723,902 shares of the basic materials company’s stock after buying an additional 203,796 shares during the quarter. Pacer Advisors Inc. owned about 6.50% of Olympic Steel worth $48,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP grew its stake in shares of Olympic Steel by 42.1% during the 1st quarter. Quantbot Technologies LP now owns 1,137 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 337 shares during the period. UBS Group AG grew its position in shares of Olympic Steel by 52.4% during the 2nd quarter. UBS Group AG now owns 2,820 shares of the basic materials company’s stock valued at $73,000 after buying an additional 970 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Olympic Steel during the 4th quarter valued at about $81,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Olympic Steel during the 3rd quarter valued at about $95,000. Finally, Fortis Capital Advisors LLC bought a new position in Olympic Steel in the 1st quarter worth about $103,000. Hedge funds and other institutional investors own 87.07% of the company’s stock.

Olympic Steel Trading Up 0.4 %

Shares of NASDAQ:ZEUS opened at $68.63 on Monday. Olympic Steel, Inc. has a twelve month low of $40.85 and a twelve month high of $73.49. The firm has a market cap of $763.85 million, a P/E ratio of 17.83 and a beta of 1.64. The company has a 50 day moving average of $66.98 and a 200-day moving average of $59.50. The company has a current ratio of 3.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.34.

Olympic Steel (NASDAQ:ZEUSGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.24 by $0.12. The business had revenue of $489.41 million during the quarter, compared to the consensus estimate of $490.10 million. Olympic Steel had a net margin of 2.06% and a return on equity of 7.30%. As a group, analysts anticipate that Olympic Steel, Inc. will post 3.41 earnings per share for the current fiscal year.

Olympic Steel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Olympic Steel’s previous quarterly dividend of $0.13. Olympic Steel’s dividend payout ratio is 15.58%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Olympic Steel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 2nd.

Read Our Latest Stock Report on ZEUS

Olympic Steel Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Olympic Steel (NASDAQ:ZEUS)

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