Toronto Dominion Bank Has $102,000 Position in Algoma Steel Group Inc. (NASDAQ:ASTL)

Toronto Dominion Bank decreased its holdings in Algoma Steel Group Inc. (NASDAQ:ASTL) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 2,864 shares during the quarter. Toronto Dominion Bank’s holdings in Algoma Steel Group were worth $102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Algoma Steel Group in the second quarter worth about $73,000. Clayton Partners LLC bought a new stake in shares of Algoma Steel Group in the 2nd quarter valued at approximately $73,000. Wexford Capital LP acquired a new position in shares of Algoma Steel Group in the 3rd quarter worth approximately $107,000. Net Worth Advisory Group bought a new position in shares of Algoma Steel Group during the 3rd quarter worth approximately $159,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Algoma Steel Group by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock valued at $217,000 after buying an additional 2,481 shares in the last quarter. 72.00% of the stock is owned by institutional investors.

Algoma Steel Group Stock Performance

Algoma Steel Group stock opened at $9.65 on Tuesday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -7.60 and a beta of 1.47. The stock has a fifty day moving average price of $10.49 and a two-hundred day moving average price of $9.40. Algoma Steel Group Inc. has a 52-week low of $6.67 and a 52-week high of $12.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66.

Algoma Steel Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, November 27th. Algoma Steel Group’s dividend payout ratio is currently -15.75%.

Algoma Steel Group 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.