UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $423,000 Holdings in Olympic Steel, Inc. (NASDAQ:ZEUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Olympic Steel, Inc. (NASDAQ:ZEUS) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,850 shares of the basic materials company’s stock after selling 1,387 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Olympic Steel were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in Olympic Steel by 21.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 141,820 shares of the basic materials company’s stock valued at $6,358,000 after buying an additional 25,201 shares during the last quarter. Quest Partners LLC lifted its position in Olympic Steel by 488.4% in the third quarter. Quest Partners LLC now owns 15,411 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 12,792 shares during the period. Unison Advisors LLC bought a new position in shares of Olympic Steel during the 3rd quarter worth about $729,000. Assenagon Asset Management S.A. boosted its holdings in Olympic Steel by 1,020.4% during 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 purchasing an additional 53,857 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Olympic Steel by 62.0% in the 2nd quarter. Renaissance Technologies LLC now owns 98,798 shares of the basic materials company’s stock valued at $4,429,000 after purchasing an additional 37,798 shares during the period. 87.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Olympic Steel Price Performance

NASDAQ:ZEUS opened at $33.81 on Friday. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The firm has a market cap of $376.41 million, a PE ratio of 14.83 and a beta of 1.49. Olympic Steel, Inc. has a 12 month low of $32.23 and a 12 month high of $73.49. The company’s 50-day moving average price is $39.50 and its two-hundred day moving average price is $41.59.

Olympic Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.15 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. Olympic Steel’s payout ratio is 26.32%.

Olympic Steel Company 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.