PDT Partners LLC Purchases 66,390 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

PDT Partners LLC raised its position in shares of Algoma Steel Group Inc. (NASDAQ:ASTL) by 476.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,337 shares of the company’s stock after acquiring an additional 66,390 shares during the quarter. PDT Partners LLC’s holdings in Algoma Steel Group were worth $822,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. American Century Companies Inc. boosted its position in shares of Algoma Steel Group by 89.9% during the 2nd quarter. American Century Companies Inc. now owns 308,543 shares of the company’s stock valued at $2,140,000 after purchasing an additional 146,104 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Algoma Steel Group by 106.8% in the second quarter. Renaissance Technologies LLC now owns 126,133 shares of the company’s stock valued at $878,000 after buying an additional 65,133 shares during the period. Intact Investment Management Inc. boosted its holdings in shares of Algoma Steel Group by 6.6% during the 3rd quarter. Intact Investment Management Inc. now owns 1,298,600 shares of the company’s stock worth $13,309,000 after buying an additional 80,700 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Algoma Steel Group during the 2nd quarter worth approximately $939,000. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of Algoma Steel Group in the 3rd quarter valued at $1,382,000. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Algoma Steel Group Stock Down 1.9 %

Algoma Steel Group stock opened at $10.56 on Tuesday. The company has a market capitalization of $1.10 billion, a PE ratio of -8.31 and a beta of 1.49. Algoma Steel Group Inc. has a 12-month low of $6.67 and a 12-month high of $12.14. The firm’s fifty day moving average is $10.49 and its 200 day moving average is $9.24. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42.

Algoma Steel Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. Algoma Steel Group’s dividend payout ratio is currently -15.75%.

Algoma Steel Group Profile

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.