Aegis Financial Corp Takes Position in Olympic Steel, Inc. $ZEUS

Aegis Financial Corp acquired a new stake in Olympic Steel, Inc. (NASDAQ:ZEUS) during the fourth quarter, HoldingsChannel reports. The firm acquired 73,515 shares of the basic materials company’s stock, valued at approximately $3,145,000. Olympic Steel comprises about 0.8% of Aegis Financial Corp’s investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also made changes to their positions in ZEUS. Invenomic Capital Management LP purchased a new position in Olympic Steel during the 3rd quarter worth approximately $6,191,000. ABC Arbitrage SA purchased a new position in Olympic Steel during the 4th quarter worth approximately $6,730,000. Versor Investments LP purchased a new position in Olympic Steel during the 4th quarter worth approximately $5,067,000. LSV Asset Management grew its stake in Olympic Steel by 39.6% during the 3rd quarter. LSV Asset Management now owns 51,800 shares of the basic materials company’s stock worth $1,577,000 after buying an additional 14,700 shares during the last quarter. Finally, New York Life Investment Management LLC purchased a new position in Olympic Steel during the 4th quarter worth approximately $642,000. Hedge funds and other institutional investors own 87.07% of the company’s stock.

Olympic Steel Stock Performance

NASDAQ:ZEUS opened at $47.86 on Friday. The stock’s 50 day moving average price is $47.86 and its 200 day moving average price is $46.72. The company has a market capitalization of $535.94 million, a PE ratio of 40.91 and a beta of 1.75. The company has a quick ratio of 1.17, a current ratio of 3.12 and a debt-to-equity ratio of 0.42. Olympic Steel, Inc. has a 52-week low of $27.11 and a 52-week high of $52.65.

Olympic Steel Profile

Olympic Steel, Inc is a leading metals service center headquartered in Cleveland, Ohio, specializing in the distribution of carbon, stainless, aluminum and alloy sheet, plate, bar, tubing, and piping products. The company offers a broad range of metals in various grades, sizes and dimensions, serving customers across a variety of industries. Olympic Steel operates as a one‐stop source for metals procurement, providing both standard inventory offerings and custom‐cut pieces to meet specific customer requirements.

Through its network of service centers in the United States and Mexico, Olympic Steel provides a suite of value‐added processing services, including precision laser and plasma cutting, shearing, slitting, shearing, forming, plate burning, leveling and robotic welding.