Olympic Steel, Inc. (NASDAQ:ZEUS) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in Olympic Steel, Inc. (NASDAQ:ZEUS) by 275.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,532 shares of the basic materials company’s stock after buying an additional 11,392 shares during the quarter. Barclays PLC’s holdings in Olympic Steel were worth $606,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Jane Street Group LLC increased its holdings in Olympic Steel by 1,165.8% during the 3rd quarter. Jane Street Group LLC now owns 202,163 shares of the basic materials company’s stock worth $7,884,000 after purchasing an additional 186,192 shares during the period. Walleye Capital LLC purchased a new stake in shares of Olympic Steel during the third quarter worth approximately $3,978,000. Assenagon Asset Management S.A. raised its holdings in Olympic Steel by 1,020.4% in the third quarter. Assenagon Asset Management S.A. now owns 59,135 shares of the basic materials company’s stock valued at $2,306,000 after acquiring an additional 53,857 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Olympic Steel by 62.0% in the second quarter. Renaissance Technologies LLC now owns 98,798 shares of the basic materials company’s stock worth $4,429,000 after acquiring an additional 37,798 shares during the last quarter. Finally, FMR LLC increased its position in shares of Olympic Steel by 423.4% in the 3rd quarter. FMR LLC now owns 44,496 shares of the basic materials company’s stock valued at $1,735,000 after purchasing an additional 35,995 shares during the last quarter. Hedge funds and other institutional investors own 87.07% of the company’s stock.

Olympic Steel Stock Performance

Shares of ZEUS stock opened at $32.81 on Thursday. The stock’s 50-day moving average is $38.62 and its two-hundred day moving average is $40.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. Olympic Steel, Inc. has a 1 year low of $31.50 and a 1 year high of $73.49. The firm has a market cap of $365.27 million, a price-to-earnings ratio of 14.39 and a beta of 1.49.

Olympic Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. Olympic Steel’s dividend payout ratio (DPR) is 26.32%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Olympic Steel from a “buy” rating to a “hold” rating in a research note on Friday, October 25th.

Olympic Steel Profile

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.