Mark S. Silver Sells 9,000 Shares of Ryerson Holding Co. (NYSE:RYI) Stock

Ryerson Holding Co. (NYSE:RYI) EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value 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 trade represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ryerson Trading Up 0.4 %

Shares of Ryerson stock traded up $0.09 during trading hours on Monday, hitting $24.77. The company’s stock had a trading volume of 217,823 shares, compared to its average volume of 310,807. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The company has a market capitalization of $788.85 million, a PE ratio of 40.46 and a beta of 1.54. The business has a fifty day moving average of $21.21 and a 200 day moving average of $21.25.

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

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.03%. Ryerson’s payout ratio is currently 122.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Denali Advisors LLC raised its holdings 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 valued at $4,169,000 after buying an additional 54,621 shares during the last quarter. Vanguard Group Inc. raised its stake 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 valued at $79,757,000 after acquiring an additional 81,515 shares in the last quarter. Renaissance Technologies LLC boosted its position in Ryerson by 34.1% during the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after acquiring an additional 70,901 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $305,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Ryerson during the second quarter valued at $595,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.