Donald Smith & CO. Inc. Grows Holdings in Algoma Steel Group Inc. (NASDAQ:ASTL)

Donald Smith & CO. Inc. raised its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,067,603 shares of the company’s stock after buying an additional 4,736 shares during the period. Algoma Steel Group makes up about 1.9% of Donald Smith & CO. Inc.’s holdings, making the stock its 25th biggest holding. Donald Smith & CO. Inc. owned approximately 0.08% of Algoma Steel Group worth $78,901,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wexford Capital LP purchased a new position in Algoma Steel Group in the third quarter valued at about $107,000. Corient Private Wealth LLC purchased a new stake in Algoma Steel Group during the 4th quarter worth approximately $147,000. Terril Brothers Inc. acquired a new position in shares of Algoma Steel Group in the 4th quarter valued at approximately $214,000. XTX Topco Ltd boosted its stake in shares of Algoma Steel Group by 132.8% during the 3rd quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock valued at $250,000 after buying an additional 13,937 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Algoma Steel Group by 147.1% during the third quarter. Barclays PLC now owns 25,711 shares of the company’s stock worth $263,000 after buying an additional 15,305 shares in the last quarter. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Algoma Steel Group Trading Up 3.5 %

ASTL opened at $5.63 on Thursday. Algoma Steel Group Inc. has a 12-month low of $5.20 and a 12-month high of $12.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The stock has a market capitalization of $590.50 million, a PE ratio of -4.43 and a beta of 1.47. The firm’s fifty day moving average price is $7.17 and its 200 day moving average price is $9.01.

Algoma Steel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.55%. Algoma Steel Group’s dividend payout ratio (DPR) is presently -17.54%.

Algoma Steel Group Company Profile

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.