Segall Bryant & Hamill LLC Trims Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Segall Bryant & Hamill LLC lessened its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 11.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Radius Recycling during the third quarter worth approximately $32,000. Point72 DIFC Ltd acquired a new stake in Radius Recycling during the 3rd quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. grew its position in Radius Recycling by 172.9% during 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. SG Americas Securities LLC acquired a new position in Radius Recycling in the fourth quarter valued at $140,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Radius Recycling in the fourth quarter valued at about $160,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Price Performance

NASDAQ RDUS traded down $0.10 during trading hours on Friday, reaching $28.98. The company's stock had a trading volume of 983,314 shares, compared to its average volume of 318,774. 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 moving average is $16.46 and its two-hundred day moving average is $16.90. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.18. The stock has a market cap of $815.93 million, a PE ratio of -2.89 and a beta of 1.67.

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Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate 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 business had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 million. During the same quarter in the prior year, the company earned ($0.64) earnings per share. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts forecast that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RDUS. The Goldman Sachs Group began coverage on Radius Recycling in a research report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 price target on the stock. StockNews.com began coverage on Radius Recycling in a research note on Tuesday, March 25th. They issued a "sell" rating for the company.

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.