Royce & Associates LP Has $1.02 Million Stock Holdings in Olympic Steel, Inc. (NASDAQ:ZEUS)

Royce & Associates LP reduced its stake in Olympic Steel, Inc. (NASDAQ:ZEUS) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,221 shares of the basic materials company’s stock after selling 17,975 shares during the period. Royce & Associates LP owned 0.28% of Olympic Steel worth $1,024,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in Olympic Steel during the third quarter valued at $184,000. HighTower Advisors LLC purchased a new stake in shares of Olympic Steel during the 3rd quarter valued at $202,000. Los Angeles Capital Management LLC lifted its stake in Olympic Steel by 11.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 7,517 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 770 shares during the last quarter. SG Americas Securities LLC lifted its position in Olympic Steel by 29.0% in the 4th quarter. SG Americas Securities LLC now owns 8,103 shares of the basic materials company’s stock worth $266,000 after buying an additional 1,820 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Olympic Steel in the 3rd quarter valued at $302,000. 87.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded Olympic Steel from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. KeyCorp upped their target price on shares of 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 Trading Down 4.2 %

Shares of NASDAQ:ZEUS opened at $31.84 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. The stock has a market capitalization of $354.57 million, a price-to-earnings ratio of 16.16 and a beta of 1.48. The stock’s 50-day simple moving average is $34.03 and its two-hundred day simple moving average is $36.61. Olympic Steel, Inc. has a 52-week low of $30.29 and a 52-week high of $73.27.

Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $418.78 million for the quarter, compared to the consensus estimate of $441.60 million. Olympic Steel had a return on equity of 3.31% and a net margin of 1.18%. Analysts expect that Olympic Steel, Inc. will post 2.69 EPS for the current year.

Olympic Steel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.16 per share. This is a boost from Olympic Steel’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, March 3rd. Olympic Steel’s payout ratio is presently 32.49%.

About Olympic Steel

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.