Ryerson Holding Co. (NYSE:RYI) EVP Sells $221,040.00 in Stock

Ryerson Holding Co. (NYSE:RYI) EVP Mark S. Silver sold 9,000 shares of the business’s 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 sale, 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 filing with the SEC, which is available at this link.

Ryerson Price Performance

NYSE:RYI traded up $0.09 during mid-day trading on Monday, reaching $24.77. 217,823 shares of the stock were exchanged, compared to its average volume of 310,807. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm 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 price of $21.21 and a 200 day moving average price of $21.25.

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

Ryerson Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.1875 dividend. 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 dividend payout ratio is currently 122.95%.

Institutional Trading of Ryerson

Hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ryerson during the second quarter valued at approximately $39,000. Copeland Capital Management LLC purchased a new position in Ryerson during the 3rd quarter valued at about $56,000. SG Americas Securities LLC purchased a new position in Ryerson during the third quarter valued at approximately $108,000. Point72 DIFC Ltd raised its holdings in shares of Ryerson by 16.7% during the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 837 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after buying an additional 2,259 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

About Ryerson

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.