Intact Investment Management Inc. Has $11.51 Million Stock Position in Algoma Steel Group Inc. (NASDAQ:ASTL)

Intact Investment Management Inc. lowered its stake in Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,174,900 shares of the company's stock after selling 123,700 shares during the period. Intact Investment Management Inc. owned approximately 1.12% of Algoma Steel Group worth $11,507,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Algoma Steel Group by 4.0% in the fourth quarter. Van ECK Associates Corp now owns 103,555 shares of the company's stock valued at $1,013,000 after acquiring an additional 3,944 shares during the period. HITE Hedge Asset Management LLC raised its stake in Algoma Steel Group by 7.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 92,646 shares of the company's stock worth $948,000 after purchasing an additional 6,803 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Algoma Steel Group by 23.5% in the 3rd quarter. GSA Capital Partners LLP now owns 44,757 shares of the company's stock valued at $458,000 after purchasing an additional 8,502 shares during the period. Wexford Capital LP bought a new stake in Algoma Steel Group in the 3rd quarter valued at about $107,000. Finally, XTX Topco Ltd grew its position in shares of Algoma Steel Group by 132.8% during the 3rd quarter. XTX Topco Ltd now owns 24,433 shares of the company's stock worth $250,000 after purchasing an additional 13,937 shares in the last quarter. 72.00% of the stock is owned by institutional investors.

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL traded up $0.02 during midday trading on Tuesday, reaching $6.35. The company's stock had a trading volume of 554,582 shares, compared to its average volume of 622,273. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.31. The company has a market cap of $666.01 million, a P/E ratio of -5.00 and a beta of 1.47. The business's 50 day moving average price is $7.75 and its two-hundred day moving average price is $9.37. Algoma Steel Group Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $12.14.

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Algoma Steel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, March 21st. Algoma Steel Group's dividend payout ratio (DPR) is currently -17.54%.

Algoma Steel Group Company 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.