Assenagon Asset Management S.A. Acquires Shares of 127,592 Algoma Steel Group Inc. (NASDAQ:ASTL)

Assenagon Asset Management S.A. acquired a new position in Algoma Steel Group Inc. (NASDAQ:ASTL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 127,592 shares of the company’s stock, valued at approximately $1,248,000.

Several other large investors also recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Algoma Steel Group in the second quarter valued at about $73,000. Wexford Capital LP acquired a new stake in Algoma Steel Group in the 3rd quarter valued at about $107,000. Net Worth Advisory Group acquired a new stake in Algoma Steel Group in the 3rd quarter valued at about $159,000. DekaBank Deutsche Girozentrale raised its stake in shares of Algoma Steel Group by 13.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock worth $217,000 after acquiring an additional 2,481 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Algoma Steel Group by 147.1% during the third quarter. Barclays PLC now owns 25,711 shares of the company’s stock worth $263,000 after purchasing an additional 15,305 shares in the last quarter. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Price Performance

ASTL opened at $8.63 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The company’s 50 day simple moving average is $9.76 and its 200-day simple moving average is $9.73. Algoma Steel Group Inc. has a one year low of $6.67 and a one year high of $12.14. The stock has a market capitalization of $904.93 million, a P/E ratio of -6.80 and a beta of 1.49.

Algoma Steel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, November 27th were given a $0.05 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 2.32%. Algoma Steel Group’s payout ratio is -15.75%.

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.