JB Capital Partners LP Raises Holdings in Ryerson Holding Co. (NYSE:RYI)

JB Capital Partners LP increased its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,131,069 shares of the basic materials company’s stock after purchasing an additional 82,313 shares during the period. Ryerson accounts for approximately 8.1% of JB Capital Partners LP’s holdings, making the stock its 4th largest position. JB Capital Partners LP owned about 6.69% of Ryerson worth $42,430,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ryerson by 10.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,808 shares of the basic materials company’s stock valued at $1,211,000 after purchasing an additional 5,773 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Ryerson by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,676 shares of the basic materials company’s stock worth $730,000 after buying an additional 8,688 shares during the period. FMR LLC grew its stake in Ryerson by 159.7% in the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock valued at $152,000 after buying an additional 4,704 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after acquiring an additional 203,314 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Ryerson during the third quarter worth approximately $207,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Price Performance

Ryerson stock opened at $25.50 on Friday. The company has a market capitalization of $812.18 million, a price-to-earnings ratio of 41.80 and a beta of 1.54. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Ryerson Holding Co. has a 12 month low of $17.57 and a 12 month high of $36.20. The stock’s 50 day moving average is $22.34 and its 200-day moving average is $21.42.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The firm had revenue of $1.13 billion during the quarter. During the same quarter last year, the company posted $1.00 earnings per share.

Ryerson Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s dividend payout ratio (DPR) is 122.95%.

Insider Buying and Selling at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares in the company, valued at approximately $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.88% of the company’s stock.

Ryerson 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.