10,125 Shares in Ryerson Holding Co. (NYSE:RYI) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in Ryerson Holding Co. (NYSE:RYI) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,125 shares of the basic materials company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RYI. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson in the second quarter valued at approximately $39,000. Copeland Capital Management LLC acquired a new position in shares of Ryerson during the 3rd quarter worth $56,000. SG Americas Securities LLC purchased a new position in shares of Ryerson in the 1st quarter valued at about $139,000. Point72 DIFC Ltd lifted its stake in shares of Ryerson by 16.7% in the second 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. Finally, Comerica Bank lifted its stake in shares of Ryerson by 2,177.4% in the first quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 6,554 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Trading Down 1.3 %

Shares of RYI opened at $21.50 on Monday. The firm’s 50-day moving average is $20.16 and its two-hundred day moving average is $21.66. Ryerson Holding Co. has a twelve month low of $17.57 and a twelve month high of $36.20. The company has a current ratio of 2.22, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $684.78 million, a P/E ratio of 35.25 and a beta of 1.54.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.26). The firm had revenue of $1.13 billion during the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same period in the prior year, the firm earned $1.00 earnings per share.

Ryerson Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s dividend payout ratio (DPR) is presently 122.95%.

Ryerson Profile

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.