Olympic Steel, Inc. (NASDAQ:ZEUS) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in shares of Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) by 648.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,182 shares of the basic materials company's stock after buying an additional 100,650 shares during the quarter. Barclays PLC owned 1.04% of Olympic Steel worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in shares of Olympic Steel during the fourth quarter valued at $59,000. Magnetar Financial LLC purchased a new position in Olympic Steel during the 4th quarter valued at about $216,000. Los Angeles Capital Management LLC raised its holdings in shares of Olympic Steel by 11.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 7,517 shares of the basic materials company's stock valued at $247,000 after purchasing an additional 770 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Olympic Steel by 29.0% in the 4th quarter. SG Americas Securities LLC now owns 8,103 shares of the basic materials company's stock worth $266,000 after purchasing an additional 1,820 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Olympic Steel by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 9,090 shares of the basic materials company's stock valued at $298,000 after purchasing an additional 1,257 shares in the last quarter. 87.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Olympic Steel Stock Down 0.8 %

Shares of NASDAQ ZEUS traded down $0.26 during midday trading on Thursday, reaching $31.99. 86,723 shares of the company's stock traded hands, compared to its average volume of 119,196. The company has a market cap of $357.10 million, a price-to-earnings ratio of 16.24 and a beta of 1.50. Olympic Steel, Inc. has a one year low of $26.32 and a one year high of $64.82. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The stock's 50 day simple moving average is $31.56 and its 200-day simple moving average is $35.07.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. On average, analysts predict that Olympic Steel, Inc. will post 2.69 EPS 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 paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.00%. This is an increase from Olympic Steel's previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 3rd. Olympic Steel's dividend payout ratio (DPR) is 32.49%.

Olympic Steel 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.