Grace & White Inc. NY Boosts Stock Position in Ryerson Holding Corporation (NYSE:RYI)

Grace & White Inc. NY grew its stake in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,367 shares of the basic materials company's stock after buying an additional 26,867 shares during the quarter. Grace & White Inc. NY owned 0.27% of Ryerson worth $1,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in shares of Ryerson by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 42,090 shares of the basic materials company's stock valued at $966,000 after buying an additional 643 shares during the period. Janney Montgomery Scott LLC raised its holdings in Ryerson by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,927 shares of the basic materials company's stock worth $366,000 after purchasing an additional 1,495 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock worth $305,000 after purchasing an additional 1,734 shares during the period. Barclays PLC raised its holdings in Ryerson by 3.5% in the 4th quarter. Barclays PLC now owns 57,280 shares of the basic materials company's stock worth $1,061,000 after purchasing an additional 1,950 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in Ryerson by 5.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 45,114 shares of the basic materials company's stock worth $1,036,000 after purchasing an additional 2,388 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Price Performance

NYSE RYI traded up $0.48 during trading hours on Thursday, reaching $21.18. The company's stock had a trading volume of 358,319 shares, compared to its average volume of 275,961. Ryerson Holding Corporation has a 1-year low of $17.18 and a 1-year high of $27.41. The company's 50-day moving average is $21.44 and its two-hundred day moving average is $21.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.00 and a quick ratio of 0.99. The firm has a market capitalization of $682.12 million, a price-to-earnings ratio of -96.29 and a beta of 1.55.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.05. Ryerson had a negative return on equity of 0.65% and a negative net margin of 0.15%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. On average, equities analysts predict that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.1875 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.75 annualized dividend and a yield of 3.54%. Ryerson's dividend payout ratio (DPR) is currently -340.91%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Ryerson from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

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.