Barclays PLC lifted its position in shares of Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) by 275.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,532 shares of the basic materials company's stock after acquiring an additional 11,392 shares during the period. Barclays PLC owned 0.14% of Olympic Steel worth $606,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in Olympic Steel by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,120 shares of the basic materials company's stock worth $1,175,000 after acquiring an additional 578 shares during the period. nVerses Capital LLC bought a new stake in shares of Olympic Steel during the third quarter valued at about $27,000. Texas Permanent School Fund Corp lifted its holdings in Olympic Steel by 9.5% in the second quarter. Texas Permanent School Fund Corp now owns 9,387 shares of the basic materials company's stock worth $421,000 after purchasing an additional 813 shares during the period. Public Sector Pension Investment Board grew its position in Olympic Steel by 6.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 21,595 shares of the basic materials company's stock valued at $968,000 after buying an additional 1,260 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Olympic Steel by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,301 shares of the basic materials company's stock valued at $1,807,000 after buying an additional 1,353 shares during the period. Institutional investors and hedge funds own 87.07% of the company's stock.
Olympic Steel Price Performance
NASDAQ ZEUS traded up $0.05 on Friday, reaching $33.72. 53,166 shares of the stock traded hands, compared to its average volume of 69,506. Olympic Steel, Inc. has a 12 month low of $30.29 and a 12 month high of $73.49. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The firm's fifty day simple moving average is $37.35 and its 200 day simple moving average is $39.64. The company has a market cap of $375.30 million, a price-to-earnings ratio of 14.79 and a beta of 1.53.
Olympic Steel Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, December 2nd. Olympic Steel's payout ratio is currently 26.32%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Olympic Steel from a "buy" rating to a "hold" rating in a research note on Friday, October 25th.
Check Out Our Latest Report on Olympic Steel
About Olympic Steel
(
Free Report)
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.
Featured Articles
Before you consider Olympic Steel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Olympic Steel wasn't on the list.
While Olympic Steel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
