24,810 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Purchased by Corton Capital Inc.

Corton Capital Inc. purchased 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. The fund purchased 24,810 shares of the basic materials company's stock, valued at approximately $378,000. Corton Capital Inc. owned 0.09% of Radius Recycling at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Radius Recycling by 15.7% in the fourth quarter. Barclays PLC now owns 67,523 shares of the basic materials company's stock worth $1,027,000 after purchasing an additional 9,186 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Radius Recycling in the 4th quarter valued at about $1,342,000. E. Ohman J or Asset Management AB grew its stake in Radius Recycling by 29.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company's stock worth $1,501,000 after acquiring an additional 22,700 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Radius Recycling by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company's stock worth $1,537,000 after acquiring an additional 33,298 shares during the period. Finally, PEAK6 LLC bought a new stake in shares of Radius Recycling during the fourth quarter valued at approximately $262,000. 78.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Radius Recycling in a report on Sunday, May 4th. They set a "sell" rating on the stock.

Radius Recycling Stock Down 0.1 %

NASDAQ RDUS traded down $0.04 during midday trading on Friday, hitting $29.34. 283,487 shares of the company traded hands, compared to its average volume of 404,200. The company's 50-day simple moving average is $26.89 and its 200-day simple moving average is $19.44. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The company has a market cap of $827.45 million, a PE ratio of -2.93 and a beta of 1.04.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. The business had revenue of $642.51 million for 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%. As a group, equities research analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling's payout ratio is -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.