Ryerson Holding Co. (NYSE:RYI) Short Interest Update

Ryerson Holding Co. (NYSE:RYI) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 513,500 shares, a decline of 20.1% from the December 15th total of 642,700 shares. Based on an average daily trading volume, of 245,900 shares, the short-interest ratio is presently 2.1 days. Approximately 1.9% of the shares of the stock are sold short.

Insider Buying and Selling

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

Hedge Funds Weigh In On Ryerson

Institutional investors and hedge funds have recently bought and sold shares of the stock. JB Capital Partners LP boosted its stake in shares of Ryerson by 4.0% during the 3rd quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock valued at $42,430,000 after buying an additional 82,313 shares during the last quarter. State Street Corp raised its stake in shares of Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock valued at $28,101,000 after purchasing an additional 43,780 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Ryerson by 164.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock worth $22,906,000 after purchasing an additional 715,990 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after acquiring an additional 203,314 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Ryerson by 14.2% during the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after purchasing an additional 97,556 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Price Performance

Shares of RYI traded up $0.12 during trading hours on Friday, reaching $20.78. 148,720 shares of the company traded hands, compared to its average volume of 237,511. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $661.94 million, a PE ratio of 34.07 and a beta of 1.59. The stock has a fifty day simple moving average of $22.04 and a 200 day simple moving average of $21.11. Ryerson has a fifty-two week low of $17.18 and a fifty-two week high of $36.15.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The firm had revenue of $1.13 billion during the quarter. During the same quarter in the prior year, the company earned $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, December 5th. Ryerson’s dividend payout ratio (DPR) is presently 122.95%.

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.