32,052 Shares in Steelcase Inc. (NYSE:SCS) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of Steelcase Inc. (NYSE:SCS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,052 shares of the business services provider's stock, valued at approximately $379,000.

Several other hedge funds have also bought and sold shares of SCS. Diversified Trust Co boosted its position in shares of Steelcase by 2.9% in the fourth quarter. Diversified Trust Co now owns 31,801 shares of the business services provider's stock worth $376,000 after purchasing an additional 886 shares during the period. Franklin Resources Inc. boosted its holdings in Steelcase by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 99,574 shares of the business services provider's stock worth $1,292,000 after buying an additional 2,791 shares during the period. Sanctuary Advisors LLC increased its stake in Steelcase by 32.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 74,605 shares of the business services provider's stock worth $990,000 after buying an additional 18,459 shares in the last quarter. Geode Capital Management LLC raised its holdings in Steelcase by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,180,428 shares of the business services provider's stock valued at $29,420,000 after acquiring an additional 22,507 shares during the period. Finally, Vestcor Inc lifted its position in shares of Steelcase by 128.8% in the third quarter. Vestcor Inc now owns 70,347 shares of the business services provider's stock valued at $949,000 after acquiring an additional 39,600 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of Steelcase stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total value of $58,700.00. Following the sale, the vice president now owns 114,481 shares of the company's stock, valued at $1,344,006.94. The trade was a 4.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.96% of the company's stock.

Steelcase Price Performance

Shares of NYSE:SCS traded down $0.22 during trading on Friday, hitting $11.37. 494,552 shares of the company's stock were exchanged, compared to its average volume of 544,026. The business's 50-day simple moving average is $12.00 and its 200 day simple moving average is $12.80. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.15 and a beta of 1.35. Steelcase Inc. has a 52-week low of $10.90 and a 52-week high of $14.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21.

Steelcase (NYSE:SCS - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.07. The business had revenue of $794.90 million during the quarter, compared to analyst estimates of $796.58 million. Steelcase had a net margin of 3.63% and a return on equity of 14.20%. The company's revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. As a group, equities analysts predict that Steelcase Inc. will post 1 EPS for the current year.

Steelcase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.52%. The ex-dividend date was Monday, December 30th. Steelcase's payout ratio is currently 41.67%.

About Steelcase

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.