Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Bought by Walleye Capital LLC

Walleye Capital LLC lifted its holdings in Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) by 314.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,760 shares of the company's stock after acquiring an additional 170,513 shares during the quarter. Walleye Capital LLC owned 0.21% of Algoma Steel Group worth $2,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASTL. Corient Private Wealth LLC acquired a new stake in Algoma Steel Group during the fourth quarter valued at $147,000. Wells Fargo & Company MN acquired a new stake in Algoma Steel Group during the fourth quarter valued at $210,000. Terril Brothers Inc. acquired a new stake in Algoma Steel Group during the fourth quarter valued at $214,000. Barclays PLC lifted its holdings in Algoma Steel Group by 147.1% during the third quarter. Barclays PLC now owns 25,711 shares of the company's stock valued at $263,000 after purchasing an additional 15,305 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Algoma Steel Group during the third quarter valued at $390,000. Institutional investors and hedge funds own 72.00% of the company's stock.

Algoma Steel Group Trading Up 7.6 %

Algoma Steel Group stock traded up $0.38 during mid-day trading on Thursday, hitting $5.31. The company's stock had a trading volume of 528,686 shares, compared to its average volume of 686,638. The firm has a market capitalization of $556.67 million, a PE ratio of -4.16 and a beta of 1.57. Algoma Steel Group Inc. has a 1 year low of $4.17 and a 1 year high of $12.14. The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average is $5.94 and its two-hundred day moving average is $8.40.

Algoma Steel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Friday, March 21st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, March 21st. Algoma Steel Group's dividend payout ratio (DPR) is -17.54%.

Wall Street Analyst Weigh In

ASTL has been the topic of several recent analyst reports. Stifel Canada downgraded shares of Algoma Steel Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Royal Bank of Canada upgraded Algoma Steel Group to a "hold" rating in a research report on Tuesday.

About Algoma Steel Group

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.