Jump Financial LLC Purchases New Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Jump Financial LLC bought a new stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 26,932 shares of the basic materials company's stock, valued at approximately $410,000. Jump Financial LLC owned 0.10% of Radius Recycling as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RDUS. KLP Kapitalforvaltning AS purchased a new position in Radius Recycling in the fourth quarter valued at $4,199,000. Icon Advisers Inc. Co. boosted its position in shares of Radius Recycling by 115.9% during the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock worth $4,338,000 after purchasing an additional 153,000 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Radius Recycling during the 4th quarter worth $1,964,000. Proficio Capital Partners LLC acquired a new position in shares of Radius Recycling during the 4th quarter worth $1,342,000. Finally, JPMorgan Chase & Co. raised its stake in Radius Recycling by 92.5% in the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after purchasing an additional 76,702 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company's stock.

Wall Street Analyst Weigh In

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

Radius Recycling Stock Performance

NASDAQ:RDUS traded up $0.22 during mid-day trading on Tuesday, hitting $29.44. The stock had a trading volume of 1,093,100 shares, compared to its average volume of 389,412. The stock has a market capitalization of $830.27 million, a price-to-earnings ratio of -2.94 and a beta of 1.07. The company has a 50 day simple moving average of $24.01 and a 200-day simple moving average of $18.71. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.66. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75.

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

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, April 21st. Radius Recycling's payout ratio is -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.