Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 78.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,351 shares of the basic materials company's stock after selling 75,919 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.07% of Radius Recycling worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Radius Recycling by 92.5% during the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after acquiring an additional 76,702 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Radius Recycling in the fourth quarter worth about $4,199,000. Quantbot Technologies LP acquired a new stake in shares of Radius Recycling in the fourth quarter valued at about $238,000. Inceptionr LLC raised its holdings in shares of Radius Recycling by 11.2% during the 4th quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company's stock valued at $284,000 after buying an additional 1,883 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Radius Recycling during the 4th quarter worth approximately $1,342,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Radius Recycling in a research note on Wednesday. They set a "sell" rating on the stock.

Radius Recycling Stock Up 0.8 %

Shares of NASDAQ RDUS traded up $0.25 during midday trading on Wednesday, reaching $29.15. 284,066 shares of the company's stock were exchanged, compared to its average volume of 324,174. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a 52-week low of $10.57 and a 52-week high of $29.18. The business's fifty day moving average price is $17.09 and its two-hundred day moving average price is $17.10. The stock has a market capitalization of $820.58 million, a PE ratio of -2.91 and a beta of 1.67.

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

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.57%. The ex-dividend date was Monday, February 3rd. Radius Recycling's dividend payout ratio is currently -7.49%.

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.