Segall Bryant & Hamill LLC Grows Stock Holdings in Steelcase Inc. (NYSE:SCS)

Segall Bryant & Hamill LLC increased its holdings in shares of Steelcase Inc. (NYSE:SCS) by 38.0% in the 4th quarter, HoldingsChannel reports. The firm owned 232,466 shares of the business services provider’s stock after acquiring an additional 63,995 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Steelcase were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Steelcase during the 4th quarter valued at about $36,000. Olympiad Research LP purchased a new position in Steelcase during the fourth quarter valued at approximately $134,000. Aigen Investment Management LP acquired a new position in Steelcase in the fourth quarter valued at approximately $155,000. Centiva Capital LP purchased a new stake in Steelcase in the 3rd quarter worth approximately $181,000. Finally, LPL Financial LLC acquired a new stake in shares of Steelcase during the 4th quarter worth approximately $191,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Steelcase Stock Performance

SCS opened at $11.30 on Friday. The firm has a fifty day moving average price of $11.61 and a 200 day moving average price of $12.36. Steelcase Inc. has a 1 year low of $10.30 and a 1 year high of $14.74. The stock has a market cap of $1.28 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21.

Steelcase (NYSE:SCS) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Steelcase had a net margin of 3.63% and a return on equity of 14.20%. The business had revenue of $788.00 million during the quarter, compared to the consensus estimate of $790.90 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Steelcase Inc. will post 1 earnings per share for the current year.

Steelcase Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, April 7th. Steelcase’s dividend payout ratio (DPR) is presently 41.67%.

Insider Transactions at Steelcase

In other news, VP Robert G. Krestakos sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total transaction of $58,700.00. Following the completion of the sale, the vice president now owns 114,481 shares of the company’s stock, valued at $1,344,006.94. The trade was a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.96% of the company’s stock.

About Steelcase

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.