Ryerson Holding Co. (NYSE:RYI) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 3,103.6% in the third quarter, HoldingsChannel reports. The firm owned 12,430 shares of the basic materials company’s stock after buying an additional 12,042 shares during the period. Nisa Investment Advisors LLC’s holdings in Ryerson were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RYI. Assenagon Asset Management S.A. acquired a new position in shares of Ryerson in the 3rd quarter valued at about $202,000. Grace & White Inc. NY purchased a new position in Ryerson during the third quarter valued at approximately $1,185,000. Copeland Capital Management LLC acquired a new position in Ryerson in the third quarter valued at approximately $56,000. Wedge Capital Management L L P NC boosted its position in Ryerson by 28.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 52,744 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 11,720 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Ryerson during the 3rd quarter worth approximately $304,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Price Performance

NYSE:RYI opened at $26.12 on Thursday. The company has a 50 day moving average price of $20.35 and a 200-day moving average price of $21.56. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The firm has a market cap of $831.92 million, a price-to-earnings ratio of 42.82 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

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 analysts’ consensus estimates of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The firm had revenue of $1.13 billion during the quarter. During the same period last year, the firm earned $1.00 earnings per share.

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 2.87%. Ryerson’s dividend payout ratio is currently 122.95%.

About Ryerson

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.