Mercer Global Advisors Inc. ADV Purchases New Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,590 shares of the basic materials company's stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in shares of Radius Recycling by 14.3% in the fourth quarter. Jane Street Group LLC now owns 103,802 shares of the basic materials company's stock valued at $1,580,000 after acquiring an additional 12,989 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Radius Recycling in the fourth quarter valued at about $68,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Radius Recycling in the fourth quarter valued at about $750,000. Price T Rowe Associates Inc. MD boosted its position in shares of Radius Recycling by 26.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,722 shares of the basic materials company's stock valued at $255,000 after acquiring an additional 3,455 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Radius Recycling by 27.9% in the fourth quarter. Hsbc Holdings PLC now owns 39,729 shares of the basic materials company's stock valued at $601,000 after acquiring an additional 8,661 shares during the period. 78.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on shares of Radius Recycling in a research report on Tuesday. They issued a "sell" rating for the company.

Radius Recycling Stock Performance

Shares of Radius Recycling stock traded up $0.02 during trading on Thursday, reaching $29.43. The company's stock had a trading volume of 489,376 shares, compared to its average volume of 416,315. The business's 50-day moving average price is $29.15 and its 200-day moving average price is $20.22. The firm has a market cap of $829.98 million, a PE ratio of -2.94 and a beta of 1.04. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.59. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating analysts' consensus estimates of ($1.08) by $0.09. The business had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Equities analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling's dividend payout ratio (DPR) is presently -7.52%.

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.