57,010 Shares in Myers Industries, Inc. (NYSE:MYE) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Myers Industries, Inc. (NYSE:MYE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,010 shares of the industrial products company’s stock, valued at approximately $680,000. GSA Capital Partners LLP owned 0.15% of Myers Industries as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Myers Industries by 586.6% during the first quarter. GAMMA Investing LLC now owns 2,609 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 2,229 shares in the last quarter. CWM LLC lifted its position in shares of Myers Industries by 829.7% during the first quarter. CWM LLC now owns 4,695 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 4,190 shares in the last quarter. Aquatic Capital Management LLC grew its position in Myers Industries by 103.1% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the industrial products company’s stock valued at $61,000 after buying an additional 2,784 shares during the period. ProShare Advisors LLC bought a new stake in Myers Industries in the fourth quarter worth about $114,000. Finally, Graham Capital Management L.P. bought a new stake in Myers Industries in the fourth quarter worth about $144,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on MYE. Wall Street Zen raised shares of Myers Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd. KeyCorp raised shares of Myers Industries from a “sector weight” rating to an “overweight” rating and set a $21.00 price target for the company in a research note on Friday, June 13th.

Myers Industries Trading Up 1.6%

Shares of MYE opened at $14.88 on Friday. The firm has a market cap of $556.21 million, a price-to-earnings ratio of 57.23 and a beta of 1.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.14 and a current ratio of 1.77. Myers Industries, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $15.77. The firm has a 50 day moving average price of $14.50 and a 200-day moving average price of $12.55.

Myers Industries (NYSE:MYE) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $209.58 million during the quarter, compared to the consensus estimate of $220.60 million. Myers Industries had a return on equity of 13.02% and a net margin of 1.20%. As a group, equities research analysts forecast that Myers Industries, Inc. will post 0.95 earnings per share for the current year.

Myers Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, June 18th. Myers Industries’s payout ratio is presently 192.86%.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.