According to Zacks, Olympic Steel, Inc. (NASDAQ: ZEUS) stated on August 4 that it would begin paying a quarterly dividend. This information was obtained from the company’s press release. As of Thursday, September 1, Shareholders of record will be eligible to receive a dividend payment of $0.09 per share from the company that deals in basic materials. This leads to a dividend payout of $0.36 each year, giving the stock a dividend yield of 1.23%. The date that will no longer count for dividends to be accumulated is August 31, which falls on a Wednesday. On Tuesday morning, the price of a share of ZEUS was $29.32 when trading got underway. The all-time high for Olympic Steel over the past 52 weeks is $43.18, while the all-time low is $19.92. The firm’s current market value is $326.33 million, its beta value is 1.71, and its P/E ratio is 2.34. The company’s simple moving average for the last fifty days is $27.64, while the company’s simple moving average over the past two hundred days is $31.17. The current too-quick ratio is 1.41, while the current too-quick ratio is 3.50. The ratio of debt to equity is 0.58.
Bloomberg downgraded their rating for Olympic Steel from “buy” to “hold” on August 5, indicating that investors should not purchase the company’s stock. In related news, on Monday, June 6, Director David A. Wolford sold 5,750 shares of the company’s stock. This is just one of the many recent developments. The total number of shares traded was $204,585.00, which equals $35.58 for each sold individually. The director is now the owner of 163,314 business shares, which have a combined value of $5,810,712.12 after the conclusion of the transaction. Following the link that has been supplied will take you to the legal file kept by the Securities and Exchange Commission (SEC). In this file, you will find information about the transaction that has been kept there. The company’s executives and other key employees own 15.73 percent of the total shares outstanding. Several hedge funds’ ZEUS holdings have undergone recent modifications due to these changes. During the first three months of 2018, Quantbot Technologies LP made a 42.1% investment in Olympic Steel, increasing the proportion of the company’s stock that it owned. Quantbot Technologies LP has recently acquired 1,137 shares in the company that is involved in trading basic materials. The purchase of an additional 337 shares during the most recent quarter brought the total number of shares owned by this entity up to 437, which increased their value to $43,000.As a result, UBS As a result, UBS Group AG’s ownership of Olympic Steel increased by 52.4% during the second quarter due to the company’s acquisition of additional shares.
After making further purchases of 970 shares during the most recent quarter, UBS Group AG now directly holds a total of 2,820 stocks in the basic materials sector. There is a value of $73,000 attached to these shares. During the second quarter, BNP Paribas Arbitrage SA achieved an 88.7% gain in the proportion of Olympic Steel shares it owned. BNP Paribas Arbitrage SA currently holds a total of 6,765 shares of the stock held by the basic materials firm following the acquisition of an additional 3,180 shares during the quarter. Based on the company’s current valuation, this stock is worth $174,000 to the investor. During the first three months, MetLife Stake Management LLC made a new investment in Olympic Steel, totaling about 194,000 dollars. During the second quarter, PDT Partners LLC increased the amount of Olympic Steel shares it owned by 10.2%, making this the last and most crucial point. PDT Partners LLC has bought an additional 812 shares of the company specializing in primary materials, bringing the total number of shares it has in the business to 8,757. These shares are worth $225,000 at the current market price. To the tune of 78.53%, the company’s stock is owned by institutional investors that are investing in the company. A brief history of the Olympic Steel Company, along with some additional pertinent information The tubular and pipe products, specialty metal flat products, and flat carbon products manufactured by Olympic Steel, Inc. are the company’s three distinct business divisions. In addition to fabricating, shipping, and storing metal goods locally and internationally, the company specializes in carbon-flat products. Carbon Flat Products is a sales and distribution division that sells and distributes processed carbon and coated flat-rolled sheets, coils, plate products, and manufactured components. In addition, Carbon Flat Products sells and distributes coils and plate products. Carbon Flat Products also sells and distributes a wide range of coil and plate goods.
