Proficio Capital Partners LLC bought a new stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 88,169 shares of the basic materials company's stock, valued at approximately $1,342,000. Proficio Capital Partners LLC owned 0.31% of Radius Recycling as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in RDUS. Public Employees Retirement System of Ohio lifted its holdings in Radius Recycling by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company's stock valued at $615,000 after buying an additional 610 shares during the period. Quarry LP bought a new stake in shares of Radius Recycling during the 3rd quarter valued at $32,000. Point72 DIFC Ltd acquired a new position in shares of Radius Recycling in the 3rd quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Radius Recycling by 172.9% in the 3rd 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, Victory Capital Management Inc. boosted its position in shares of Radius Recycling by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 52,200 shares of the basic materials company's stock worth $968,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors own 78.11% of the company's stock.
Radius Recycling Trading Down 0.2 %
Shares of RDUS traded down $0.05 during trading hours on Monday, reaching $29.00. The stock had a trading volume of 776,990 shares, compared to its average volume of 303,175. The company has a market cap of $816.50 million, a P/E ratio of -2.89 and a beta of 1.67. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.38. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average of $14.74 and a 200 day moving average of $16.41.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.67). The business had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm's revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.64) earnings per share. On average, sell-side analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.
Radius Recycling Dividend Announcement
The business also recently announced 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. The ex-dividend date was Monday, February 3rd. This represents a $0.75 annualized dividend and a yield of 2.59%. Radius Recycling's dividend payout ratio (DPR) is currently -7.49%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on RDUS shares. The Goldman Sachs Group began coverage on Radius Recycling in a research note on Monday, December 2nd. They issued a "neutral" rating and a $22.00 target price on the stock. StockNews.com downgraded shares of Radius Recycling from a "hold" rating to a "sell" rating in a research report on Thursday, December 26th.
Read Our Latest Analysis on RDUS
Radius Recycling Company Profile
(
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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