Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 7.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 839,885 shares of the basic materials company's stock after selling 65,475 shares during the quarter. Segall Bryant & Hamill LLC owned about 3.00% of Radius Recycling worth $15,571,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Gladius Capital Management LP purchased a new position in Radius Recycling in the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Radius Recycling in the second quarter valued at $30,000. Founders Capital Management boosted its stake in shares of Radius Recycling by 50.0% in the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 600 shares during the period. Banque Cantonale Vaudoise grew its holdings in Radius Recycling by 23.6% during the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 564 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in Radius Recycling during the 1st quarter worth $54,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Radius Recycling from a "sell" rating to a "hold" rating in a research report on Friday, November 8th.

Insider Activity at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the sale, the senior vice president now directly owns 133,780 shares in the company, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.70% of the company's stock.

Radius Recycling Trading Up 5.1 %

NASDAQ RDUS opened at $18.46 on Thursday. The company's fifty day moving average price is $17.82 and its two-hundred day moving average price is $16.69. The company has a market capitalization of $517.62 million, a price-to-earnings ratio of -1.97 and a beta of 1.55. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month high of $31.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The firm had revenue of $771.00 million for the quarter, compared to analysts' expectations of $680.80 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Radius Recycling's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, November 12th. Radius Recycling's dividend payout ratio (DPR) is -8.01%.

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.