Radius Recycling, Inc. (NASDAQ:RDUS) Shares Bought by Trium Capital LLP

Trium Capital LLP grew its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 41.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,320 shares of the basic materials company’s stock after buying an additional 3,925 shares during the period. Trium Capital LLP’s holdings in Radius Recycling were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Founders Capital Management grew its stake in Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of 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 purchasing an additional 610 shares in the last quarter. Green Alpha Advisors LLC grew its position in shares of Radius Recycling by 2.1% in the third quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 925 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Radius Recycling by 10.7% in the second quarter. The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Quarry LP purchased a new position in Radius Recycling during the third quarter worth approximately $32,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the transaction, the senior vice president now directly owns 133,780 shares in the company, valued at $2,284,962.40. This represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.

Radius Recycling Trading Up 5.4 %

RDUS opened at $12.74 on Friday. The stock has a market capitalization of $357.23 million, a PE ratio of -1.27 and a beta of 1.64. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $27.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.00 and a current ratio of 2.02. The business’s 50 day moving average price is $16.70 and its 200 day moving average price is $16.59.

Radius Recycling (NASDAQ:RDUS) last announced 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). 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 revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company earned ($0.64) EPS. As a group, equities research analysts expect that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 5.89%. The ex-dividend date is Monday, February 3rd. Radius Recycling’s dividend payout ratio (DPR) is presently -7.49%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RDUS. The Goldman Sachs Group started coverage on Radius Recycling in a report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 target price for the company. StockNews.com lowered shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

About Radius Recycling

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.