Dynamic Technology Lab Private Ltd Invests $304,000 in Olympic Steel, Inc. (NASDAQ:ZEUS)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,277 shares of the basic materials company's stock, valued at approximately $304,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Olympic Steel at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Olympic Steel by 423.4% in the 3rd quarter. FMR LLC now owns 44,496 shares of the basic materials company's stock valued at $1,735,000 after purchasing an additional 35,995 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Olympic Steel by 103.4% during the third quarter. BNP Paribas Financial Markets now owns 22,081 shares of the basic materials company's stock valued at $861,000 after buying an additional 11,224 shares in the last quarter. HighTower Advisors LLC bought a new position in Olympic Steel during the 3rd quarter worth approximately $202,000. Jane Street Group LLC lifted its holdings in Olympic Steel by 1,165.8% during the 3rd quarter. Jane Street Group LLC now owns 202,163 shares of the basic materials company's stock worth $7,884,000 after buying an additional 186,192 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Olympic Steel by 275.2% in the 3rd quarter. Barclays PLC now owns 15,532 shares of the basic materials company's stock valued at $606,000 after acquiring an additional 11,392 shares during the last quarter. 87.07% of the stock is currently owned by institutional investors.

Olympic Steel Stock Performance

Shares of Olympic Steel stock traded up $0.14 on Wednesday, reaching $30.22. 5,615 shares of the company were exchanged, compared to its average volume of 117,837. The firm has a market cap of $337.35 million, a price-to-earnings ratio of 15.34 and a beta of 1.50. Olympic Steel, Inc. has a 1-year low of $26.32 and a 1-year high of $69.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. The company's 50-day moving average is $32.55 and its two-hundred day moving average is $35.64.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Olympic Steel had a return on equity of 3.31% and a net margin of 1.18%. The company had revenue of $418.78 million for the quarter, compared to analysts' expectations of $441.60 million. As a group, research analysts expect that Olympic Steel, Inc. will post 2.69 earnings per share for the current fiscal year.

Olympic Steel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.16 dividend. This is a boost from Olympic Steel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.64 annualized dividend and a yield of 2.12%. Olympic Steel's dividend payout ratio is 32.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ZEUS shares. StockNews.com cut Olympic Steel from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. KeyCorp lifted their price target on shares of Olympic Steel from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.