Quinn Opportunity Partners LLC Sells 2,533 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

Quinn Opportunity Partners LLC decreased its holdings in shares of Algoma Steel Group Inc. (NASDAQ:ASTL) by 10.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,000 shares of the company’s stock after selling 2,533 shares during the period. Quinn Opportunity Partners LLC’s holdings in Algoma Steel Group were worth $215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ASTL. Arrowstreet Capital Limited Partnership raised its holdings in shares of Algoma Steel Group by 276.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company’s stock valued at $12,884,000 after acquiring an additional 966,976 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Algoma Steel Group in the fourth quarter worth approximately $1,248,000. CenterBook Partners LP raised its stake in Algoma Steel Group by 35.1% in the fourth quarter. CenterBook Partners LP now owns 403,869 shares of the company’s stock valued at $3,950,000 after purchasing an additional 104,981 shares in the last quarter. Heartland Advisors Inc. lifted its position in Algoma Steel Group by 100.0% during the fourth quarter. Heartland Advisors Inc. now owns 200,000 shares of the company’s stock valued at $1,956,000 after purchasing an additional 100,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Algoma Steel Group by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,367 shares of the company’s stock worth $3,656,000 after buying an additional 49,642 shares in the last quarter. 72.00% of the stock is currently owned by hedge funds and other institutional investors.

Algoma Steel Group Price Performance

Shares of NASDAQ:ASTL opened at $4.65 on Friday. The company’s fifty day moving average price is $6.49 and its 200-day moving average price is $8.68. 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 firm has a market capitalization of $487.71 million, a price-to-earnings ratio of -3.66 and a beta of 1.57. Algoma Steel Group Inc. has a one year low of $4.17 and a one year high of $12.14.

Algoma Steel Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Friday, March 21st were paid a $0.05 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a yield of 4.30%. Algoma Steel Group’s dividend payout ratio is presently -17.54%.

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.