Steelcase Inc. (NYSE:SCS)’s share price was down 5.7% during mid-day trading on Wednesday . The stock traded as low as $14.05 and last traded at $14.06, with a volume of 597,165 shares changing hands. The stock had previously closed at $14.91.

Several equities analysts have recently issued reports on SCS shares. Zacks Investment Research upgraded shares of Steelcase from a “sell” rating to a “hold” rating in a report on Thursday, June 2nd. TheStreet upgraded shares of Steelcase from a “hold” rating to a “buy” rating in a report on Tuesday, April 19th.

The firm has a 50-day moving average price of $14.22 and a 200 day moving average price of $14.36. The stock has a market capitalization of $1.69 billion and a P/E ratio of 10.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Tuesday, July 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Thursday, June 30th.

In other news, VP Sara E. Armbruster sold 14,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $13.50, for a total value of $189,000.00. Following the sale, the vice president now directly owns 99,711 shares in the company, valued at $1,346,098.50. The sale was disclosed in a document filed with the SEC, which is available at this link.

Other large investors have modified their holdings of the company. GSA Capital Partners LLP increased its stake in shares of Steelcase by 18.7% in the fourth quarter. GSA Capital Partners LLP now owns 84,416 shares of the company’s stock valued at $1,258,000 after buying an additional 13,300 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Steelcase by 9.2% in the fourth quarter. Rhumbline Advisers now owns 87,831 shares of the company’s stock valued at $1,309,000 after buying an additional 7,415 shares during the last quarter. Morgan Stanley increased its stake in shares of Steelcase by 141.8% in the fourth quarter. Morgan Stanley now owns 834,248 shares of the company’s stock valued at $12,430,000 after buying an additional 489,176 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Steelcase by 0.4% in the fourth quarter. Hodges Capital Management Inc. now owns 1,363,496 shares of the company’s stock valued at $20,316,000 after buying an additional 4,800 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Steelcase by 115.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 4,044,271 shares of the company’s stock valued at $60,260,000 after buying an additional 2,166,972 shares during the last quarter.

Steelcase Inc provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s segments include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

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