JB Capital Partners LP Raises Position in Ryerson Holding Co. (NYSE:RYI)

JB Capital Partners LP lifted its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 4.0% in the third quarter, Holdings Channel.com reports. 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 comprises about 8.1% of JB Capital Partners LP’s holdings, making the stock its 4th biggest position. JB Capital Partners LP owned about 0.07% of Ryerson worth $42,430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RYI. Denali Advisors LLC grew its stake in shares of Ryerson by 34.3% during the second quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock worth $4,169,000 after buying an additional 54,621 shares during the last quarter. Vanguard Group Inc. grew its position in Ryerson by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock worth $79,757,000 after acquiring an additional 81,515 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after purchasing an additional 70,901 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Ryerson by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Ryerson in the second quarter valued at about $595,000. 94.81% of the stock is currently owned by institutional investors.

Ryerson Stock Performance

NYSE:RYI opened at $25.50 on Friday. The stock’s 50-day moving average is $22.34 and its 200-day moving average is $21.42. The stock has a market cap of $812.18 million, a P/E ratio of 41.80 and a beta of 1.54. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last announced 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). Ryerson had a return on equity of 2.66% and a net margin of 0.46%. The company had revenue of $1.13 billion for the quarter. During the same period in the prior year, the company posted $1.00 earnings per share.

Ryerson Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 yield of 2.94%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s dividend payout ratio is presently 122.95%.

Insider Buying and Selling at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.88% of the company’s stock.

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.