Foundry Partners LLC increased its position in Olympic Steel, Inc. (NASDAQ:ZEUS) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 228,290 shares of the basic materials company’s stock after buying an additional 4,000 shares during the period. Foundry Partners LLC’s holdings in Olympic Steel were worth $4,447,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ZEUS. Capstone Asset Management Co. boosted its position in Olympic Steel by 3.5% in the first quarter. Capstone Asset Management Co. now owns 10,936 shares of the basic materials company’s stock worth $203,000 after buying an additional 370 shares in the last quarter. Comerica Bank boosted its position in Olympic Steel by 4.6% in the first quarter. Comerica Bank now owns 10,011 shares of the basic materials company’s stock worth $192,000 after buying an additional 438 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Olympic Steel by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 38,462 shares of the basic materials company’s stock worth $714,000 after buying an additional 457 shares in the last quarter. Teachers Advisors LLC boosted its position in Olympic Steel by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 16,868 shares of the basic materials company’s stock worth $409,000 after buying an additional 999 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Olympic Steel by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,563 shares of the basic materials company’s stock worth $159,000 after buying an additional 1,292 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Olympic Steel, Inc. (NASDAQ:ZEUS) opened at 17.14 on Tuesday. Olympic Steel, Inc. has a 52-week low of $15.83 and a 52-week high of $28.67. The firm has a market capitalization of $187.97 million, a PE ratio of 22.52 and a beta of 1.73. The company’s 50-day moving average is $18.25 and its 200-day moving average is $19.50.

Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. Olympic Steel had a net margin of 0.71% and a return on equity of 2.82%. The business had revenue of $356.20 million during the quarter, compared to analyst estimates of $365 million. During the same period in the previous year, the business posted $0.32 earnings per share. Analysts forecast that Olympic Steel, Inc. will post $1.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.08 annualized dividend and a yield of 0.47%. Olympic Steel’s payout ratio is presently 10.67%.

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A number of equities analysts recently issued reports on the stock. Jefferies Group LLC lowered their price objective on shares of Olympic Steel from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Olympic Steel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $23.00.

Olympic Steel Company Profile

Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.

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Institutional Ownership by Quarter for Olympic Steel (NASDAQ:ZEUS)

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