Hartree Partners LP Acquires 46,984 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

Hartree Partners LP grew its holdings in shares of Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) by 44.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,751 shares of the company's stock after purchasing an additional 46,984 shares during the quarter. Hartree Partners LP owned about 0.15% of Algoma Steel Group worth $1,494,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. FMR LLC bought a new position in Algoma Steel Group in the 3rd quarter worth approximately $36,008,000. Quantbot Technologies LP grew its holdings in Algoma Steel Group by 831.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,375 shares of the company's stock valued at $290,000 after buying an additional 25,330 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Algoma Steel Group by 45.0% in the third quarter. Walleye Capital LLC now owns 54,247 shares of the company's stock valued at $555,000 after acquiring an additional 16,843 shares during the period. PDT Partners LLC lifted its stake in Algoma Steel Group by 476.0% in the 3rd quarter. PDT Partners LLC now owns 80,337 shares of the company's stock worth $822,000 after purchasing an additional 66,390 shares in the last quarter. Finally, HITE Hedge Asset Management LLC boosted its stake in Algoma Steel Group by 7.9% during the third quarter. HITE Hedge Asset Management LLC now owns 92,646 shares of the company's stock valued at $948,000 after buying an additional 6,803 shares during the period. Hedge funds and other institutional investors own 72.00% of the company's stock.

Remove Ads

Algoma Steel Group Price Performance

ASTL traded down $0.21 on Thursday, reaching $5.42. The company had a trading volume of 547,718 shares, compared to its average volume of 649,202. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.31. Algoma Steel Group Inc. has a 52-week low of $5.20 and a 52-week high of $12.14. The company has a market cap of $568.47 million, a price-to-earnings ratio of -4.27 and a beta of 1.47. The business has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $9.01.

Algoma Steel Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 21st will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.69%. Algoma Steel Group's payout ratio is currently -17.54%.

Algoma Steel Group 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.