Proficio Capital Partners LLC purchased a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,169 shares of the basic materials company's stock, valued at approximately $1,342,000. Proficio Capital Partners LLC owned approximately 0.31% of Radius Recycling at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of RDUS. FMR LLC increased its holdings in shares of Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company's stock worth $17,638,000 after acquiring an additional 182,435 shares during the last quarter. Algert Global LLC acquired a new position in Radius Recycling in the 3rd quarter valued at $922,000. Systematic Financial Management LP increased its position in Radius Recycling by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company's stock worth $11,698,000 after buying an additional 49,450 shares during the period. Geode Capital Management LLC boosted its position in shares of Radius Recycling by 6.0% in the third quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company's stock valued at $11,936,000 after acquiring an additional 36,618 shares during the period. Finally, Barclays PLC increased its position in Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company's stock worth $1,081,000 after acquiring an additional 35,568 shares during the period. 78.11% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on RDUS. The Goldman Sachs Group initiated coverage on Radius Recycling in a research note on Monday, December 2nd. They issued a "neutral" rating and a $22.00 price target for the company. StockNews.com lowered shares of Radius Recycling from a "hold" rating to a "sell" rating in a research report on Thursday, December 26th.
View Our Latest Stock Analysis on RDUS
Radius Recycling Price Performance
Shares of RDUS traded up $0.86 during mid-day trading on Tuesday, reaching $13.52. The company had a trading volume of 350,812 shares, compared to its average volume of 237,844. The company has a market capitalization of $380.66 million, a price-to-earnings ratio of -1.35 and a beta of 1.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. The company's 50 day simple moving average is $12.93 and its 200 day simple moving average is $15.85. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $21.42.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $656.54 million during the quarter, compared to the consensus estimate of $665.90 million. During the same quarter in the previous year, the company posted ($0.64) earnings per share. The firm's revenue was down 2.4% on a year-over-year basis. Analysts expect that Radius Recycling, Inc. will post -3.84 EPS for the current year.
Radius Recycling Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Monday, February 3rd. Radius Recycling's payout ratio is currently -7.49%.
About Radius Recycling
(
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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