New York Life Investment Management LLC Invests $642,000 in Olympic Steel, Inc. $ZEUS

New York Life Investment Management LLC bought a new position in shares of Olympic Steel, Inc. (NASDAQ:ZEUS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,012 shares of the basic materials company’s stock, valued at approximately $642,000. New York Life Investment Management LLC owned 0.13% of Olympic Steel at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ZEUS. EverSource Wealth Advisors LLC increased its stake in shares of Olympic Steel by 823.3% during the second quarter. EverSource Wealth Advisors LLC now owns 831 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 741 shares during the period. Quarry LP bought a new position in shares of Olympic Steel during the third quarter worth approximately $27,000. Strs Ohio bought a new position in shares of Olympic Steel during the third quarter worth approximately $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Olympic Steel during the third quarter worth approximately $142,000. Finally, Intech Investment Management LLC bought a new position in shares of Olympic Steel during the third quarter worth approximately $206,000. Institutional investors own 87.07% of the company’s stock.

Olympic Steel Price Performance

Shares of NASDAQ ZEUS opened at $47.86 on Thursday. The business’s 50 day moving average is $47.86 and its 200-day moving average is $45.24. Olympic Steel, Inc. has a 1-year low of $27.11 and a 1-year high of $52.65. The company has a current ratio of 3.12, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The firm has a market cap of $535.94 million, a P/E ratio of 40.91 and a beta of 1.75.

Olympic Steel Company 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.