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

Segall Bryant & Hamill LLC decreased its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 742,133 shares of the basic materials company's stock after selling 97,752 shares during the quarter. Segall Bryant & Hamill LLC owned about 2.64% of Radius Recycling worth $11,295,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in Radius Recycling during the 4th quarter valued at about $4,199,000. Quantbot Technologies LP acquired a new position in shares of Radius Recycling during the 4th quarter worth approximately $238,000. Inceptionr LLC grew its position in shares of Radius Recycling by 11.2% in the fourth quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company's stock valued at $284,000 after purchasing an additional 1,883 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Radius Recycling in the fourth quarter valued at approximately $1,342,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Radius Recycling by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 55,850 shares of the basic materials company's stock valued at $850,000 after purchasing an additional 3,650 shares during the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com assumed coverage on Radius Recycling in a report on Tuesday, March 25th. They issued a "sell" rating for the company. The Goldman Sachs Group initiated coverage on shares of Radius Recycling in a report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 price objective for the company.

Radius Recycling Trading Down 0.3 %

Shares of RDUS stock traded down $0.10 during trading on Friday, hitting $28.98. 983,314 shares of the stock traded hands, compared to its average volume of 318,774. Radius Recycling, Inc. has a 52-week low of $10.57 and a 52-week high of $29.18. The firm has a market capitalization of $815.93 million, a P/E ratio of -2.89 and a beta of 1.67. The firm's fifty day moving average price is $16.46 and its 200-day moving average price is $16.91. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its 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). The business had revenue of $656.54 million during the quarter, compared to analysts' expectations of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. Radius Recycling's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.64) EPS. As a group, research analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.1875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 2.59%. Radius Recycling's payout ratio is currently -7.49%.

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.