SG Americas Securities LLC Has $398,000 Holdings in Olympic Steel, Inc. (NASDAQ:ZEUS)

SG Americas Securities LLC lifted its holdings in shares of Olympic Steel, Inc. (NASDAQ:ZEUS) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,961 shares of the basic materials company’s stock after purchasing an additional 246 shares during the period. SG Americas Securities LLC owned 0.05% of Olympic Steel worth $398,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Olympic Steel by 1.1% in the third quarter. BlackRock Inc. now owns 2,125,957 shares of the basic materials company’s stock valued at $48,492,000 after buying an additional 24,020 shares during the period. Invesco Ltd. lifted its holdings in Olympic Steel by 36.2% in the first quarter. Invesco Ltd. now owns 957,825 shares of the basic materials company’s stock valued at $36,838,000 after buying an additional 254,383 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Olympic Steel by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 941,367 shares of the basic materials company’s stock valued at $49,148,000 after buying an additional 40,265 shares during the period. Vanguard Group Inc. lifted its holdings in Olympic Steel by 1.3% in the first quarter. Vanguard Group Inc. now owns 655,712 shares of the basic materials company’s stock valued at $25,218,000 after buying an additional 8,613 shares during the period. Finally, State Street Corp lifted its holdings in Olympic Steel by 2.4% in the second quarter. State Street Corp now owns 648,945 shares of the basic materials company’s stock valued at $31,798,000 after buying an additional 15,080 shares during the period. Institutional investors and hedge funds own 87.07% of the company’s stock.

Olympic Steel Price Performance

ZEUS stock opened at $72.01 on Friday. Olympic Steel, Inc. has a 12-month low of $40.85 and a 12-month high of $73.49. The company has a quick ratio of 1.20, a current ratio of 3.35 and a debt-to-equity ratio of 0.34. The firm has a market cap of $801.47 million, a price-to-earnings ratio of 18.70 and a beta of 1.64. The company’s fifty day simple moving average is $68.00 and its 200 day simple moving average is $60.85.

Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.12. Olympic Steel had a net margin of 2.06% and a return on equity of 7.30%. The firm had revenue of $489.41 million during the quarter, compared to the consensus estimate of $490.10 million. On average, analysts expect that Olympic Steel, Inc. will post 3.41 earnings per share for the current year.

Olympic Steel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.15 dividend. This is an increase from Olympic Steel’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, March 1st. Olympic Steel’s payout ratio is 15.58%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Olympic Steel from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 2nd.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.