Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP lifted its stake in Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) by 35.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,869 shares of the company's stock after buying an additional 104,981 shares during the quarter. CenterBook Partners LP owned about 0.39% of Algoma Steel Group worth $3,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Algoma Steel Group by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 152,846 shares of the company's stock valued at $1,499,000 after acquiring an additional 1,985 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Algoma Steel Group by 4.8% during the fourth quarter. Legal & General Group Plc now owns 80,745 shares of the company's stock worth $790,000 after purchasing an additional 3,666 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Algoma Steel Group by 4.0% in the fourth quarter. Van ECK Associates Corp now owns 103,555 shares of the company's stock valued at $1,013,000 after purchasing an additional 3,944 shares during the period. American Century Companies Inc. raised its holdings in shares of Algoma Steel Group by 3.2% in the 4th quarter. American Century Companies Inc. now owns 172,428 shares of the company's stock valued at $1,689,000 after purchasing an additional 5,296 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Algoma Steel Group by 11.2% in the 4th quarter. Renaissance Technologies LLC now owns 89,374 shares of the company's stock worth $874,000 after acquiring an additional 8,974 shares in the last quarter. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Stock Up 1.1 %

ASTL stock traded up $0.05 on Tuesday, hitting $4.64. 192,868 shares of the company's stock were exchanged, compared to its average volume of 674,755. The stock has a market cap of $486.89 million, a P/E ratio of -3.65 and a beta of 1.57. Algoma Steel Group Inc. has a 12-month low of $4.17 and a 12-month high of $12.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.31. The firm has a 50 day moving average price of $6.41 and a two-hundred day moving average price of $8.63.

Algoma Steel Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Friday, March 21st were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.20 annualized dividend and a yield of 4.31%. Algoma Steel Group's dividend payout ratio (DPR) is presently -17.54%.

Algoma Steel Group Company 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.