Grace & White Inc. NY Takes $1.19 Million Position in Ryerson Holding Co. (NYSE:RYI)

Grace & White Inc. NY bought a new position in Ryerson Holding Co. (NYSE:RYI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 59,500 shares of the basic materials company's stock, valued at approximately $1,185,000. Grace & White Inc. NY owned about 0.17% of Ryerson as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of RYI. Vanguard Group Inc. boosted its position in Ryerson by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company's stock worth $79,757,000 after purchasing an additional 81,515 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Ryerson by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company's stock worth $28,993,000 after purchasing an additional 6,883 shares during the period. American Century Companies Inc. boosted its holdings in shares of Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company's stock worth $15,281,000 after buying an additional 97,556 shares during the last quarter. Acadian Asset Management LLC grew its position in Ryerson by 3.4% during the first quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company's stock valued at $22,610,000 after buying an additional 22,069 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in Ryerson by 2.6% during the first quarter. Bridgeway Capital Management LLC now owns 509,845 shares of the basic materials company's stock valued at $17,080,000 after buying an additional 12,775 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Ryerson Stock Performance

NYSE:RYI traded down $0.16 during mid-day trading on Tuesday, hitting $21.40. 232,942 shares of the company traded hands, compared to its average volume of 313,984. The company has a quick ratio of 1.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average price is $19.66 and its 200-day moving average price is $22.39. The firm has a market cap of $710.48 million, a price-to-earnings ratio of 11.92 and a beta of 1.56. Ryerson Holding Co. has a one year low of $17.57 and a one year high of $36.20.

Ryerson (NYSE:RYI - Get Free Report) last released its earnings results on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The firm had revenue of $1.23 billion for the quarter. During the same period last year, the firm posted $1.06 EPS.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.188 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.51%. Ryerson's dividend payout ratio is presently 41.44%.

About Ryerson

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.