Cornercap Investment Counsel Inc. Acquires New Shares in Ryerson Holding Co. (NYSE:RYI)

Cornercap Investment Counsel Inc. purchased a new stake in Ryerson Holding Co. (NYSE:RYI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,553 shares of the basic materials company's stock, valued at approximately $1,060,000. Cornercap Investment Counsel Inc. owned approximately 0.09% of Ryerson at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Ryerson in the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its position in Ryerson by 151.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,024 shares of the basic materials company's stock worth $30,000 after buying an additional 616 shares during the period. Citigroup Inc. boosted its position in Ryerson by 68.4% during the 1st quarter. Citigroup Inc. now owns 1,561 shares of the basic materials company's stock worth $57,000 after buying an additional 634 shares during the period. Ameritas Investment Partners Inc. boosted its position in Ryerson by 24.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,861 shares of the basic materials company's stock worth $81,000 after buying an additional 362 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Ryerson during the 2nd quarter worth approximately $53,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Trading Down 0.8 %

NYSE:RYI traded down $0.25 during mid-day trading on Tuesday, hitting $32.49. 139,564 shares of the company's stock were exchanged, compared to its average volume of 216,072. The company has a 50 day simple moving average of $32.75 and a 200-day simple moving average of $31.55. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. Ryerson Holding Co. has a fifty-two week low of $26.15 and a fifty-two week high of $44.70. The firm has a market capitalization of $1.11 billion, a P/E ratio of 7.98 and a beta of 1.65.

Ryerson (NYSE:RYI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.49. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. During the same quarter in the previous year, the company earned ($0.65) EPS.

Ryerson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.188 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from Ryerson's previous quarterly dividend of $0.18. Ryerson's payout ratio is 18.43%.

Insider Transactions at Ryerson

In other news, insider Alagu Sundarrajan sold 7,407 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $32.77, for a total value of $242,727.39. Following the transaction, the insider now owns 13,077 shares in the company, valued at approximately $428,533.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.88% of the company's stock.

Ryerson Company Profile

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.