Ryerson Holding Co. (NYSE:RYI) Sees Large Decline in Short Interest

Ryerson Holding Co. (NYSE:RYI) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 693,900 shares, a decrease of 19.1% from the November 15th total of 857,400 shares. Based on an average daily trading volume, of 262,500 shares, the short-interest ratio is presently 2.6 days. Approximately 2.6% of the shares of the company are short sold.

Insider Buying and Selling

In related news, EVP Mark S. Silver sold 9,000 shares of the company’s 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryerson

Several large investors have recently modified their holdings of RYI. Barclays PLC boosted its position in Ryerson by 167.0% in the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock valued at $1,101,000 after buying an additional 34,604 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Ryerson by 41.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,517 shares of the basic materials company’s stock valued at $866,000 after purchasing an additional 12,768 shares in the last quarter. State Street Corp raised its position in 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 during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ryerson by 6.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 480,341 shares of the basic materials company’s stock worth $9,564,000 after purchasing an additional 31,046 shares in the last quarter. Finally, JB Capital Partners LP grew its holdings in shares of Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock worth $42,430,000 after purchasing an additional 82,313 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ryerson Stock Performance

Shares of NYSE:RYI traded down $0.47 on Friday, hitting $22.26. 184,354 shares of the company were exchanged, compared to its average volume of 301,404. The company’s 50 day moving average price is $23.35 and its two-hundred day moving average price is $21.46. The firm has a market capitalization of $708.98 million, a price-to-earnings ratio of 36.49 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson has a one year low of $17.57 and a one year high of $36.20.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The business had revenue of $1.13 billion during the quarter. During the same period last year, the company posted $1.00 EPS.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, December 5th. Ryerson’s payout ratio is 122.95%.

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.