Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Bought by Hartree Partners LP

Hartree Partners LP increased its holdings in shares of Algoma Steel Group Inc. (NASDAQ:ASTL) by 44.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 152,751 shares of the company’s stock after buying an additional 46,984 shares during the period. Hartree Partners LP’s holdings in Algoma Steel Group were worth $1,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC bought a new stake in Algoma Steel Group in the 3rd quarter valued at about $36,008,000. Arrowstreet Capital Limited Partnership raised its holdings in Algoma Steel Group by 276.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company’s stock worth $12,884,000 after purchasing an additional 966,976 shares in the last quarter. Yaupon Capital Management LP acquired a new stake in Algoma Steel Group in the third quarter worth approximately $9,165,000. Invenomic Capital Management LP boosted its stake in Algoma Steel Group by 112.1% during the third quarter. Invenomic Capital Management LP now owns 636,917 shares of the company’s stock valued at $6,516,000 after buying an additional 336,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Algoma Steel Group during the fourth quarter worth about $1,248,000. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL opened at $5.71 on Friday. The company has a market capitalization of $598.89 million, a price-to-earnings ratio of -4.50 and a beta of 1.47. Algoma Steel Group Inc. has a twelve month low of $5.20 and a twelve month high of $12.14. The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $7.35 and a two-hundred day moving average of $9.11.

Algoma Steel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 21st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, March 21st. Algoma Steel Group’s payout ratio is -17.54%.

About Algoma Steel Group

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.