Peak6 LLC Acquires New Position in Radius Recycling, Inc. (NASDAQ:RDUS)

PEAK6 LLC bought a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,236 shares of the basic materials company's stock, valued at approximately $262,000. PEAK6 LLC owned about 0.06% of Radius Recycling at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RDUS. Invesco Ltd. lifted its holdings in Radius Recycling by 1.3% in the 4th quarter. Invesco Ltd. now owns 110,932 shares of the basic materials company's stock valued at $1,688,000 after purchasing an additional 1,473 shares in the last quarter. Inceptionr LLC lifted its stake in shares of Radius Recycling by 11.2% during the fourth quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company's stock valued at $284,000 after buying an additional 1,883 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Radius Recycling by 16.5% during the fourth quarter. Wells Fargo & Company MN now owns 20,986 shares of the basic materials company's stock valued at $319,000 after buying an additional 2,968 shares during the period. Victory Capital Management Inc. boosted its position in Radius Recycling by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 55,850 shares of the basic materials company's stock worth $850,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Trium Capital LLP grew its stake in Radius Recycling by 41.8% in the 4th quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company's stock worth $203,000 after acquiring an additional 3,925 shares during the period. Hedge funds and other institutional investors own 78.11% of the company's stock.

Radius Recycling Trading Up 0.2 %

Shares of NASDAQ RDUS traded up $0.05 on Friday, reaching $29.24. 552,528 shares of the company traded hands, compared to its average volume of 386,403. The company has a 50 day moving average of $23.68 and a 200 day moving average of $18.63. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.29. The stock has a market capitalization of $824.63 million, a PE ratio of -2.92 and a beta of 1.07.

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

Radius Recycling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 annualized dividend and a yield of 2.56%. Radius Recycling's dividend payout ratio is currently -7.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Radius Recycling in a report on Saturday. They set a "sell" rating on the 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.