Trexquant Investment LP Has $1.61 Million Stock Holdings in Olympic Steel, Inc. (NASDAQ:ZEUS)

Trexquant Investment LP reduced its stake in Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,963 shares of the basic materials company's stock after selling 10,862 shares during the period. Trexquant Investment LP owned 0.44% of Olympic Steel worth $1,606,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ZEUS. New Age Alpha Advisors LLC bought a new position in Olympic Steel during the fourth quarter worth about $59,000. HighTower Advisors LLC bought a new position in Olympic Steel during the 3rd quarter worth approximately $202,000. Magnetar Financial LLC acquired a new position in Olympic Steel during the fourth quarter valued at approximately $216,000. Los Angeles Capital Management LLC increased its stake in Olympic Steel by 11.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 7,517 shares of the basic materials company's stock valued at $247,000 after purchasing an additional 770 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Olympic Steel by 29.0% in the fourth quarter. SG Americas Securities LLC now owns 8,103 shares of the basic materials company's stock worth $266,000 after purchasing an additional 1,820 shares during the period. 87.07% of the stock is owned by institutional investors and hedge funds.

Olympic Steel Stock Down 0.7 %

Shares of ZEUS stock traded down $0.20 during trading hours on Tuesday, hitting $30.03. 6,066 shares of the company were exchanged, compared to its average volume of 117,795. Olympic Steel, Inc. has a 52 week low of $26.32 and a 52 week high of $69.79. The company has a current ratio of 3.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $32.65 and a two-hundred day moving average of $35.68. The company has a market capitalization of $335.18 million, a PE ratio of 15.24 and a beta of 1.50.

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Olympic Steel (NASDAQ:ZEUS - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The firm had revenue of $418.78 million during the quarter, compared to analysts' expectations of $441.60 million. Olympic Steel had a return on equity of 3.31% and a net margin of 1.18%. Analysts anticipate that Olympic Steel, Inc. will post 2.69 earnings per share for the current fiscal year.

Olympic Steel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.16 dividend. This is a boost from Olympic Steel's previous quarterly dividend of $0.15. The ex-dividend date was Monday, March 3rd. This represents a $0.64 annualized dividend and a yield of 2.13%. Olympic Steel's payout ratio is presently 32.49%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ZEUS shares. StockNews.com cut shares of Olympic Steel from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. KeyCorp raised their price target on Olympic Steel from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

Olympic Steel Profile

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.