JB Capital Partners LP Has $42.43 Million Holdings in Ryerson Holding Co. (NYSE:RYI)

JB Capital Partners LP boosted its position in Ryerson Holding Co. (NYSE:RYI - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,131,069 shares of the basic materials company's stock after acquiring an additional 82,313 shares during the period. Ryerson accounts for about 8.1% of JB Capital Partners LP's holdings, making the stock its 4th biggest position. JB Capital Partners LP owned approximately 6.69% of Ryerson worth $42,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Ryerson by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company's stock valued at $79,757,000 after buying an additional 81,515 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Ryerson by 295.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 13,563 shares of the basic materials company's stock valued at $454,000 after purchasing an additional 10,135 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ryerson by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,553 shares of the basic materials company's stock worth $455,000 after purchasing an additional 977 shares in the last quarter. Comerica Bank raised its stake in shares of Ryerson by 2,177.4% in the first quarter. Comerica Bank now owns 6,855 shares of the basic materials company's stock worth $230,000 after purchasing an additional 6,554 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Ryerson by 66.8% in the second quarter. Wedge Capital Management L L P NC now owns 41,024 shares of the basic materials company's stock valued at $800,000 after purchasing an additional 16,431 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Insider Transactions at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.88% of the stock is currently owned by company insiders.

Ryerson Stock Up 0.8 %

Shares of NYSE RYI traded up $0.20 during trading on Friday, hitting $25.70. The stock had a trading volume of 75,749 shares, compared to its average volume of 306,105. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The firm has a fifty day moving average of $22.46 and a two-hundred day moving average of $21.44. Ryerson Holding Co. has a 12 month low of $17.57 and a 12 month high of $36.20. The company has a market capitalization of $818.55 million, a PE ratio of 42.13 and a beta of 1.54.

Ryerson (NYSE:RYI - Get Free Report) last released its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.26). The business had revenue of $1.13 billion during the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same period in the previous year, the company posted $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, December 5th. Ryerson's dividend payout ratio is currently 122.95%.

Ryerson Company 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.