Insider David A. Wolfort of Olympic Steel, Inc. (NASDAQ:ZEUS – Get Rating) sold 10,000 shares of the company in a trade on Friday, May 27. The shares were sold at an average price of $36.20, for a total value of $362,000.00. Following the transaction, the insider now owns 170,064 shares of the company, valued at approximately $6,156,316.80. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website.

The NASDAQ ZEUS rose $0.33 on Wednesday, hitting $34.50. 82,152 shares of the stock have traded, compared to its average volume of 100,371. The company has a leverage ratio of 0.67, a quick ratio of 1.54 and a current ratio of 3.70. The company has a fifty-day moving average price of $35.68 and a 200-day moving average price of $28.54. The company has a market capitalization of $383.92 million, a price-earnings ratio of 2.89 and a beta of 1.61. Olympic Steel, Inc. has a 12-month low of $19.92 and a 12-month high of $43.18.

Olympic Steel Inc (NASDAQ:ZEUS – Get Rating) last reported results on Thursday, May 5. The basic materials company reported earnings per share of $3.10 for the quarter, beating consensus analyst estimates of $2.26 by $0.84. The company posted revenue of $696.33 million in the quarter, versus analyst estimates of $548.40 million. Olympic Steel had a return on equity of 36.01% and a net margin of 5.36%. During the same period a year earlier, the company posted EPS of $1.97. As a group, research analysts expect Olympic Steel, Inc. to post earnings per share of 7.77 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.09. This represents an annualized dividend of $0.36 and a dividend yield of 1.04%. The ex-dividend date is Tuesday, May 31. Olympic Steel’s payout rate is 3.04%.

Institutional investors and hedge funds have recently increased or reduced their stake in the company. First Eagle Investment Management LLC increased its position in Olympic Steel shares by 789.2% in the fourth quarter. First Eagle Investment Management LLC now owns 36,546 shares of the basic materials company worth $859,000 after acquiring 32,436 additional shares last quarter. MAI Capital Management bought a new position in shares of Olympic Steel in the 4th quarter for a value of $1,613,000. Allspring Global Investments Holdings LLC bought a new position in Olympic Steel stock in Q4 for $1,278,000. Barclays PLC increased its position in Olympic Steel shares by 20.8% in the third quarter. Barclays PLC now owns 18,830 shares of the basic materials company worth $458,000 after acquiring 3,236 more shares last quarter. Finally, Corton Capital Inc. bought a new position in Olympic Steel stock in Q4 worth $636,000. 74.62% of the shares are held by hedge funds and other institutional investors.

Separately, StockNews.com upgraded Olympic Steel from a “hold” rating to a “buy” rating in a Friday, May 20 research report.

Olympic Steel Company Profile (Get a rating)

Olympic Steel, Inc processes, distributes and stocks metal products in the United States and around the world. It operates in three segments: Carbon Flat Products; Flat products in special metals; and tubular and piping products. The Carbon Flat Products segment sells and distributes carbon flat rolled and coated sheets, coil and plate products and fabricated parts.

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