Quantbot Technologies LP Acquires New Shares in Radius Recycling, Inc. (NASDAQ:RDUS)

Quantbot Technologies LP acquired a new stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,640 shares of the basic materials company's stock, valued at approximately $238,000. Quantbot Technologies LP owned 0.06% of Radius Recycling as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RDUS. Quarry LP acquired a new stake in shares of Radius Recycling during the 3rd quarter worth $32,000. Point72 DIFC Ltd bought a new stake in Radius Recycling during the third quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. grew its stake 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 buying an additional 3,394 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Radius Recycling during the fourth quarter worth about $140,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Radius Recycling in the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Analysts Set New Price Targets

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

Radius Recycling Price Performance

Shares of RDUS traded up $0.22 during midday trading on Wednesday, hitting $29.12. The company's stock had a trading volume of 662,859 shares, compared to its average volume of 326,072. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.18. The stock has a market capitalization of $819.87 million, a price-to-earnings ratio of -2.91 and a beta of 1.67. The company's fifty day simple moving average is $17.41 and its two-hundred day simple moving average is $17.18.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing the consensus estimate 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 business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned ($0.64) earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, February 3rd. Radius Recycling's dividend payout ratio (DPR) is presently -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.