2,900 Shares in Ryerson Holding Co. (NYSE:RYI) Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. purchased a new stake in Ryerson Holding Co. (NYSE:RYI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,900 shares of the basic materials company’s stock, valued at approximately $54,000.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Ryerson by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock valued at $305,000 after buying an additional 1,157 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Ryerson in the third quarter valued at $108,000. Exchange Traded Concepts LLC bought a new position in shares of Ryerson in the 3rd quarter valued at about $304,000. Wedge Capital Management L L P NC increased its stake in shares of Ryerson by 28.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 52,744 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 11,720 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new stake in shares of Ryerson in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Transactions at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the sale, the executive vice president now owns 107,664 shares in the company, valued at approximately $2,644,227.84. This trade represents a 7.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.88% of the stock is currently owned by corporate insiders.

Ryerson Trading Up 5.6 %

Ryerson stock opened at $23.56 on Tuesday. The stock has a 50-day simple moving average of $20.97 and a 200 day simple moving average of $21.16. The stock has a market capitalization of $750.22 million, a P/E ratio of 38.62 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson Holding Co. has a 52 week low of $17.18 and a 52 week high of $36.15.

Ryerson Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.