The Manufacturers Life Insurance Company Takes Position in Companhia Siderúrgica Nacional (NYSE:SID)

The Manufacturers Life Insurance Company purchased a new position in shares of Companhia Siderúrgica Nacional (NYSE:SID) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,500,000 shares of the basic materials company’s stock, valued at approximately $3,585,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Inspire Advisors LLC grew its stake in shares of Companhia Siderúrgica Nacional by 19.1% during the second quarter. Inspire Advisors LLC now owns 52,647 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 8,452 shares in the last quarter. Inspire Investing LLC acquired a new stake in Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $27,000. Sivia Capital Partners LLC acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at approximately $30,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Companhia Siderúrgica Nacional during the 2nd quarter worth approximately $28,000. Finally, PDS Planning Inc acquired a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at approximately $32,000.

Companhia Siderúrgica Nacional Price Performance

SID opened at $1.83 on Friday. The stock’s 50 day moving average price is $2.07 and its 200 day moving average price is $2.19. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.89 and a current ratio of 1.34. Companhia Siderúrgica Nacional has a 12 month low of $1.82 and a 12 month high of $4.03.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a $0.0952 dividend. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is -733.09%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th.

Companhia Siderúrgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.