Peak6 LLC Purchases Shares of 17,236 Radius Recycling, Inc. (NASDAQ:RDUS)

PEAK6 LLC acquired a new position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,236 shares of the basic materials company's stock, valued at approximately $262,000. PEAK6 LLC owned 0.06% of Radius Recycling at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Radius Recycling in the fourth quarter worth $140,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Radius Recycling in the 4th quarter worth about $160,000. Trium Capital LLP increased its stake in shares of Radius Recycling by 41.8% in the 4th quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company's stock worth $203,000 after acquiring an additional 3,925 shares in the last quarter. Versor Investments LP purchased a new position in Radius Recycling during the 4th quarter valued at about $236,000. Finally, Quantbot Technologies LP bought a new stake in Radius Recycling during the fourth quarter worth about $238,000. 78.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Radius Recycling in a report on Saturday. They set a "sell" rating for the company.

Radius Recycling Stock Up 0.2 %

Shares of NASDAQ:RDUS traded up $0.05 on Friday, hitting $29.24. 552,528 shares of the company traded hands, compared to its average volume of 385,682. The stock has a 50 day simple moving average of $23.68 and a 200-day simple moving average of $18.63. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The company has a market cap of $824.63 million, a PE ratio of -2.92 and a beta of 1.07. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.29.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million for the quarter, compared to analysts' expectations of $635.94 million. As a group, research analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 21st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, April 21st. Radius Recycling's dividend payout ratio is currently -7.52%.

Radius Recycling Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.