Dynamic Technology Lab Private Ltd Takes Position in Olympic Steel, Inc. (NASDAQ:ZEUS)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 9,277 shares of the basic materials company's stock, valued at approximately $304,000. Dynamic Technology Lab Private Ltd owned 0.08% of Olympic Steel as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in shares of Olympic Steel during the fourth quarter worth approximately $59,000. HighTower Advisors LLC bought a new stake in shares of Olympic Steel during the third quarter worth about $202,000. Magnetar Financial LLC acquired a new stake in shares of Olympic Steel in the 4th quarter worth about $216,000. Los Angeles Capital Management LLC boosted its stake in Olympic Steel by 11.4% during 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 during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Olympic Steel by 29.0% during 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 in the last quarter. 87.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZEUS has been the subject of several recent research reports. StockNews.com downgraded Olympic Steel from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. KeyCorp upped their price objective on shares of Olympic Steel from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

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Olympic Steel Stock Performance

Shares of NASDAQ:ZEUS traded down $0.22 during midday trading on Tuesday, reaching $30.01. The company had a trading volume of 21,879 shares, compared to its average volume of 117,879. Olympic Steel, Inc. has a 52-week low of $26.32 and a 52-week high of $69.79. The company's 50 day moving average price is $32.65 and its 200 day moving average price is $35.68. The company has a current ratio of 3.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35. The stock has a market cap of $335.00 million, a P/E ratio of 15.23 and a beta of 1.50.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The company had revenue of $418.78 million for the quarter, compared to analysts' expectations of $441.60 million. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. As a group, sell-side analysts anticipate that Olympic Steel, Inc. will post 2.69 EPS for the current fiscal year.

Olympic Steel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Monday, March 3rd. This is a positive change from Olympic Steel's previous quarterly dividend of $0.15. Olympic Steel's dividend payout ratio (DPR) is currently 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.