Dimensional Fund Advisors LP Sells 76,137 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Dimensional Fund Advisors LP trimmed its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,763,450 shares of the basic materials company's stock after selling 76,137 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.26% of Radius Recycling worth $26,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RDUS. SG Americas Securities LLC bought a new stake in shares of Radius Recycling during the 4th quarter valued at $140,000. Y Intercept Hong Kong Ltd bought a new stake in Radius Recycling during the fourth quarter valued at about $160,000. Trium Capital LLP grew its holdings in Radius Recycling by 41.8% during the fourth quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company's stock valued at $203,000 after purchasing an additional 3,925 shares during the period. Versor Investments LP purchased a new stake in Radius Recycling in the fourth quarter worth about $236,000. Finally, Quantbot Technologies LP bought a new position in shares of Radius Recycling in the fourth quarter worth about $238,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Radius Recycling Price Performance

NASDAQ:RDUS traded down $0.04 on Friday, reaching $29.34. 283,487 shares of the company's stock traded hands, compared to its average volume of 403,422. The stock has a 50-day simple moving average of $26.89 and a 200-day simple moving average of $19.42. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $29.48. The firm has a market cap of $827.45 million, a PE ratio of -2.93 and a beta of 1.04. 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, topping analysts' consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The company had revenue of $642.51 million for the quarter, compared to analysts' expectations of $635.94 million. Equities research analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Dividend Announcement

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

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.