Radius Recycling, Inc. (NASDAQ:RDUS) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,650 shares of the basic materials company's stock after purchasing an additional 22,700 shares during the quarter. E. Ohman J or Asset Management AB owned 0.35% of Radius Recycling worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quarry LP purchased a new position in Radius Recycling in the third quarter valued at about $32,000. Point72 DIFC Ltd acquired a new stake in shares of Radius Recycling in the 3rd quarter worth approximately $46,000. Signaturefd LLC increased its stake in Radius Recycling by 403.9% in the 3rd quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company's stock valued at $76,000 after purchasing an additional 3,280 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Radius Recycling by 172.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company's stock worth $99,000 after purchasing an additional 3,394 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Radius Recycling during the fourth quarter worth $140,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Price Performance

NASDAQ:RDUS traded down $0.25 during trading hours on Friday, reaching $12.29. 167,971 shares of the company traded hands, compared to its average volume of 252,309. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The firm's 50-day moving average is $14.86 and its 200-day moving average is $16.23. The stock has a market cap of $346.09 million, a P/E ratio of -1.23 and a beta of 1.60. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $25.51.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. During the same period in the previous year, the business earned ($0.64) EPS. The firm's revenue was down 2.4% on a year-over-year basis. Equities research analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.1875 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.10%. Radius Recycling's dividend payout ratio (DPR) is presently -7.49%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group started coverage on Radius Recycling in a research report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 price target for the company. StockNews.com downgraded shares of Radius Recycling from a "hold" rating to a "sell" rating in a report on Thursday, December 26th.

Radius Recycling Company 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.