Algert Global LLC purchased a new stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,714 shares of the basic materials company's stock, valued at approximately $922,000. Algert Global LLC owned 0.18% of Radius Recycling as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDUS. Cubist Systematic Strategies LLC acquired a new position in shares of Radius Recycling during the 2nd quarter worth approximately $1,213,000. Swedbank AB purchased a new position in shares of Radius Recycling during the 1st quarter valued at approximately $1,437,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Radius Recycling by 78.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company's stock valued at $1,483,000 after buying an additional 42,636 shares in the last quarter. Dark Forest Capital Management LP lifted its position in shares of Radius Recycling by 333.4% during the 2nd quarter. Dark Forest Capital Management LP now owns 49,867 shares of the basic materials company's stock valued at $761,000 after buying an additional 38,361 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Radius Recycling during the second quarter worth about $525,000. Hedge funds and other institutional investors own 78.11% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Radius Recycling from a "hold" rating to a "sell" rating in a research note on Tuesday.
Get Our Latest Research Report on Radius Recycling
Radius Recycling Price Performance
Radius Recycling stock traded up $0.11 during midday trading on Friday, reaching $19.82. The company had a trading volume of 114,532 shares, compared to its average volume of 220,498. The company has a market capitalization of $555.73 million, a P/E ratio of -2.12 and a beta of 1.55. Radius Recycling, Inc. has a 12-month low of $12.69 and a 12-month high of $31.70. The firm's fifty day simple moving average is $18.25 and its 200-day simple moving average is $16.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating analysts' consensus estimates of ($0.59) by $0.18. The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. Radius Recycling's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. As a group, equities analysts anticipate that Radius Recycling, Inc. will post -1.02 EPS for the current year.
Radius Recycling Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Tuesday, November 12th. Radius Recycling's dividend payout ratio (DPR) is -8.01%.
Insiders Place Their Bets
In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now directly owns 133,780 shares of the company's stock, valued at $2,284,962.40. This trade represents a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.70% of the company's stock.
Radius Recycling Profile
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Free Report)
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.
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