SG Americas Securities LLC Invests $108,000 in Ryerson Holding Co. (NYSE:RYI)

SG Americas Securities LLC bought a new stake in Ryerson Holding Co. (NYSE:RYI) during the third quarter, Holdings Channel reports. The firm bought 5,415 shares of the basic materials company’s stock, valued at approximately $108,000.

Several other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in Ryerson during the second quarter valued at about $39,000. Point72 DIFC Ltd boosted its stake in Ryerson by 16.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 837 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ryerson by 41.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after buying an additional 2,259 shares during the last quarter. Comerica Bank increased its position in Ryerson by 2,177.4% in the 1st quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock worth $230,000 after buying an additional 6,554 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Ryerson by 218.7% during the second quarter. Point72 Asset Management L.P. now owns 12,749 shares of the basic materials company’s stock worth $249,000 after buying an additional 8,749 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ryerson Trading Down 0.3 %

Shares of Ryerson stock opened at $21.65 on Monday. The company has a market cap of $743.37 million, a price-to-earnings ratio of 8.39 and a beta of 1.56. Ryerson Holding Co. has a 1 year low of $17.57 and a 1 year high of $36.20. The company’s fifty day simple moving average is $19.89 and its 200-day simple moving average is $22.12. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $1.23 billion for the quarter. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. During the same quarter in the previous year, the firm posted $1.06 EPS.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.188 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.75 annualized dividend and a yield of 3.47%. Ryerson’s dividend payout ratio (DPR) is 29.07%.

About Ryerson

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.