Dark Forest Capital Management LP Sells 39,725 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Dark Forest Capital Management LP cut its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,488 shares of the basic materials company's stock after selling 39,725 shares during the period. Dark Forest Capital Management LP owned 0.08% of Radius Recycling worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in shares of Radius Recycling in the 4th quarter valued at about $4,199,000. Icon Advisers Inc. Co. lifted its holdings in Radius Recycling by 115.9% in the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock valued at $4,338,000 after buying an additional 153,000 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Radius Recycling in the fourth quarter valued at approximately $1,964,000. Proficio Capital Partners LLC acquired a new stake in Radius Recycling during the 4th quarter worth $1,342,000. Finally, JPMorgan Chase & Co. grew its holdings in Radius Recycling by 92.5% during the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock worth $2,429,000 after acquiring an additional 76,702 shares during the period. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Radius Recycling in a research report on Saturday, April 26th. They issued a "sell" rating on the stock.

Radius Recycling Trading Up 0.1 %

Shares of RDUS stock traded up $0.04 on Friday, reaching $29.43. The company had a trading volume of 837,464 shares, compared to its average volume of 397,761. The stock has a market cap of $829.98 million, a PE ratio of -2.94 and a beta of 1.07. The company has a 50-day moving average of $25.30 and a 200-day moving average of $19.03. 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 12 month low of $10.57 and a 12 month high of $29.47.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping the consensus estimate of ($1.08) by $0.09. The company had revenue of $642.51 million for the quarter, compared to analyst estimates 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 analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be paid a $0.1875 dividend. The ex-dividend date is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a yield of 2.55%. Radius Recycling's payout ratio is -7.52%.

Radius Recycling 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.