Stefano R. Gaggini Sells 1,021 Shares of Radius Recycling, Inc. (NASDAQ:RDUS) Stock

Radius Recycling, Inc. (NASDAQ:RDUS) CFO Stefano R. Gaggini sold 1,021 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $18.57, for a total transaction of $18,959.97. Following the transaction, the chief financial officer now owns 76,255 shares in the company, valued at approximately $1,416,055.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Radius Recycling Stock Performance

Shares of RDUS opened at $18.25 on Wednesday. Radius Recycling, Inc. has a 52 week low of $16.84 and a 52 week high of $36.64. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $510.67 million, a P/E ratio of -8.00 and a beta of 1.64. The business’s 50 day moving average price is $19.02 and its 200-day moving average price is $23.64.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.05. Radius Recycling had a negative return on equity of 1.73% and a negative net margin of 2.28%. The firm had revenue of $621.06 million during the quarter, compared to analysts’ expectations of $626.35 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue was down 17.8% on a year-over-year basis. Equities research analysts anticipate that Radius Recycling, Inc. will post -3.53 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 22nd were given a $0.1875 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.75 annualized dividend and a yield of 4.11%. Radius Recycling’s payout ratio is -32.89%.

Wall Street Analysts Forecast Growth

RDUS has been the subject of several research reports. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Seaport Res Ptn lowered Radius Recycling from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 28th.

Institutional Investors Weigh In On Radius Recycling

Several hedge funds and other institutional investors have recently made changes to their positions in RDUS. Millburn Ridgefield Corp purchased a new stake in Radius Recycling during the 1st quarter valued at approximately $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Radius Recycling during the first quarter valued at $51,000. Unison Advisors LLC bought a new stake in Radius Recycling in the 1st quarter valued at $226,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Radius Recycling in the 1st quarter worth $236,000. Finally, Susquehanna Portfolio Strategies LLC bought a new position in shares of Radius Recycling during the 1st quarter valued at about $324,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

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.