Grace & White Inc. NY Invests $1.19 Million in Ryerson Holding Co. (NYSE:RYI)

Grace & White Inc. NY bought a new position in Ryerson Holding Co. (NYSE:RYI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,500 shares of the basic materials company’s stock, valued at approximately $1,185,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Denali Advisors LLC raised its holdings in Ryerson by 34.3% in the 2nd quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock valued at $4,169,000 after buying an additional 54,621 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock valued at $79,757,000 after buying an additional 81,515 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock valued at $5,433,000 after buying an additional 70,901 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Ryerson in the 2nd quarter valued at approximately $595,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Ryerson by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock valued at $305,000 after buying an additional 1,157 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ryerson Stock Down 0.6 %

Shares of NYSE RYI opened at $21.57 on Tuesday. The company has a 50 day simple moving average of $19.66 and a 200 day simple moving average of $22.39. The firm has a market cap of $716.12 million, a PE ratio of 11.92 and a beta of 1.56. Ryerson Holding Co. has a 1 year low of $17.57 and a 1 year high of $36.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The business had revenue of $1.23 billion during the quarter. During the same quarter last year, the business earned $1.06 EPS.

Ryerson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.188 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.75 annualized dividend and a yield of 3.49%. Ryerson’s payout ratio is 41.44%.

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.