Wedge Capital Management L L P NC Purchases 3,396 Shares of Ryerson Holding Co. (NYSE:RYI)

Wedge Capital Management L L P NC increased its stake in Ryerson Holding Co. (NYSE:RYI) by 23.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,651 shares of the basic materials company’s stock after purchasing an additional 3,396 shares during the period. Wedge Capital Management L L P NC’s holdings in Ryerson were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. acquired a new position in Ryerson in the 4th quarter worth $1,060,000. Strs Ohio boosted its stake in Ryerson by 2.8% in the 4th quarter. Strs Ohio now owns 21,700 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 600 shares during the period. New York State Teachers Retirement System boosted its stake in Ryerson by 46.5% in the 4th quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 799 shares during the period. Denali Advisors LLC boosted its stake in Ryerson by 43.9% in the 4th quarter. Denali Advisors LLC now owns 144,035 shares of the basic materials company’s stock worth $4,995,000 after purchasing an additional 43,919 shares during the period. Finally, Diversified Trust Co acquired a new position in Ryerson in the 4th quarter worth $328,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ryerson Trading Down 1.3 %

Ryerson stock opened at $30.66 on Friday. The firm has a 50-day moving average of $32.33 and a 200-day moving average of $31.67. Ryerson Holding Co. has a one year low of $26.15 and a one year high of $44.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 7.53 and a beta of 1.65.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.49. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted ($0.65) EPS.

Ryerson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Ryerson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 6th. Ryerson’s dividend payout ratio is currently 18.43%.

Insider Transactions at Ryerson

In other news, insider Alagu Sundarrajan sold 7,407 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $32.77, for a total value of $242,727.39. Following the sale, the insider now directly owns 13,077 shares of the company’s stock, valued at approximately $428,533.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.88% of the company’s stock.

Ryerson Company 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.