Dimensional Fund Advisors LP bought a new position in shares of Algoma Steel Group Inc. (NASDAQ:ASTL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 134,969 shares of the company’s stock, valued at approximately $939,000. Dimensional Fund Advisors LP owned about 0.13% of Algoma Steel Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of ASTL. Quadrature Capital Ltd bought a new position in shares of Algoma Steel Group during the fourth quarter worth $114,000. Thomist Capital Management LP lifted its position in Algoma Steel Group by 100.3% during the first quarter. Thomist Capital Management LP now owns 5,007,597 shares of the company’s stock valued at $42,514,000 after purchasing an additional 2,508,133 shares during the last quarter. Swiss National Bank lifted its position in Algoma Steel Group by 6.1% during the first quarter. Swiss National Bank now owns 196,107 shares of the company’s stock valued at $1,672,000 after purchasing an additional 11,300 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Algoma Steel Group by 63.1% during the first quarter. Russell Investments Group Ltd. now owns 409,658 shares of the company’s stock valued at $3,485,000 after purchasing an additional 158,526 shares during the last quarter. Finally, MMCAP International Inc. SPC lifted its position in Algoma Steel Group by 152.2% during the first quarter. MMCAP International Inc. SPC now owns 7,789,470 shares of the company’s stock valued at $66,133,000 after purchasing an additional 4,700,510 shares during the last quarter. Institutional investors own 72.00% of the company’s stock.
Algoma Steel Group Price Performance
ASTL stock opened at $9.98 on Friday. Algoma Steel Group Inc. has a 52 week low of $6.40 and a 52 week high of $10.71. The company has a quick ratio of 2.15, a current ratio of 4.19 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $8.56. The firm has a market capitalization of $1.04 billion, a P/E ratio of 32.19 and a beta of 1.50.
Algoma Steel Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, August 23rd. Algoma Steel Group’s dividend payout ratio is currently 64.52%.
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.
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