Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $2.16, but opened at $2.11. Companhia Siderúrgica Nacional shares last traded at $2.12, with a volume of 121,224 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th.
Get Our Latest Analysis on Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional Stock Performance
Companhia Siderúrgica Nacional Cuts Dividend
The firm also recently disclosed a — dividend, which was paid on Wednesday, May 22nd. Investors of record on Friday, January 1st were paid a dividend of $0.1395 per share. This represents a yield of 16.6%. The ex-dividend date was Wednesday, May 22nd. Companhia Siderúrgica Nacional’s dividend payout ratio is 288.89%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SID. Renaissance Technologies LLC lifted its position in Companhia Siderúrgica Nacional by 51.7% during the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock valued at $4,435,000 after purchasing an additional 656,983 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Companhia Siderúrgica Nacional by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock worth $4,248,000 after acquiring an additional 236,340 shares during the last quarter. Van ECK Associates Corp grew its position in Companhia Siderúrgica Nacional by 17.3% in the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock worth $4,236,000 after acquiring an additional 271,176 shares in the last quarter. Banco BTG Pactual S.A. bought a new position in Companhia Siderúrgica Nacional in the fourth quarter valued at $1,510,000. Finally, TCG Advisory Services LLC purchased a new stake in Companhia Siderúrgica Nacional during the fourth quarter valued at about $623,000.
Companhia Siderúrgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.
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