Quantbot Technologies LP Sells 9,903 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

Quantbot Technologies LP decreased its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 34.9% during the fourth quarter, Holdings Channel reports. The fund owned 18,472 shares of the company’s stock after selling 9,903 shares during the period. Quantbot Technologies LP’s holdings in Algoma Steel Group were worth $181,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC purchased a new stake in shares of Algoma Steel Group during the 3rd quarter valued at about $36,008,000. Yaupon Capital Management LP purchased a new stake in Algoma Steel Group during the third quarter valued at approximately $9,165,000. Invenomic Capital Management LP raised its position in Algoma Steel Group by 112.1% in the third quarter. Invenomic Capital Management LP now owns 636,917 shares of the company’s stock worth $6,516,000 after acquiring an additional 336,687 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Algoma Steel Group during the 4th quarter worth $1,248,000. Finally, PDT Partners LLC increased its stake in shares of Algoma Steel Group by 476.0% in the 3rd quarter. PDT Partners LLC now owns 80,337 shares of the company’s stock worth $822,000 after purchasing an additional 66,390 shares in the last quarter. 72.00% of the stock is owned by hedge funds and other institutional investors.

Algoma Steel Group Price Performance

NASDAQ ASTL opened at $5.71 on Monday. The business’s fifty day moving average is $7.35 and its 200 day moving average is $9.10. Algoma Steel Group Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $12.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.31. The company has a market capitalization of $598.89 million, a PE ratio of -4.50 and a beta of 1.47.

Algoma Steel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.50%. Algoma Steel Group’s payout ratio is currently -17.54%.

Algoma Steel Group Company Profile

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.