CenterBook Partners LP Purchases 104,981 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

CenterBook Partners LP raised its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 35.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 403,869 shares of the company’s stock after buying an additional 104,981 shares during the quarter. CenterBook Partners LP’s holdings in Algoma Steel Group were worth $3,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of Algoma Steel Group by 11.2% during the fourth quarter. Renaissance Technologies LLC now owns 89,374 shares of the company’s stock valued at $874,000 after acquiring an additional 8,974 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Algoma Steel Group by 4.8% in the 4th quarter. Legal & General Group Plc now owns 80,745 shares of the company’s stock valued at $790,000 after purchasing an additional 3,666 shares during the last quarter. Bank of Montreal Can increased its position in shares of Algoma Steel Group by 4.6% during the fourth quarter. Bank of Montreal Can now owns 329,461 shares of the company’s stock worth $3,223,000 after buying an additional 14,379 shares during the period. Wells Fargo & Company MN bought a new position in Algoma Steel Group during the fourth quarter worth $210,000. Finally, Geode Capital Management LLC lifted its holdings in Algoma Steel Group by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 152,846 shares of the company’s stock valued at $1,499,000 after buying an additional 1,985 shares during the period. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Stock Performance

Shares of ASTL opened at $4.91 on Thursday. The firm’s fifty day simple moving average is $6.64 and its two-hundred day simple moving average is $8.76. Algoma Steel Group Inc. has a 12 month low of $4.17 and a 12 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 stock has a market capitalization of $514.98 million, a P/E ratio of -3.87 and a beta of 1.57.

Algoma Steel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 21st will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, March 21st. This represents a $0.20 annualized dividend and a yield of 4.07%. Algoma Steel Group’s dividend payout ratio is currently -17.54%.

Algoma Steel Group Company Profile

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.