GAMMA Investing LLC raised its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 4,988.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 27,378 shares of the basic materials company's stock after purchasing an additional 26,840 shares during the period. GAMMA Investing LLC owned 0.10% of Radius Recycling worth $791,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new stake in Radius Recycling during the 4th quarter valued at $68,000. Y Intercept Hong Kong Ltd purchased a new stake in Radius Recycling during the fourth quarter valued at about $160,000. Quantinno Capital Management LP purchased a new stake in Radius Recycling during the fourth quarter valued at about $181,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Radius Recycling during the fourth quarter valued at about $207,000. Finally, Versor Investments LP bought a new stake in shares of Radius Recycling during the fourth quarter valued at about $236,000. Institutional investors and hedge funds own 78.11% of the company's stock.
Radius Recycling Stock Up 0.1%
Shares of NASDAQ RDUS opened at $29.64 on Wednesday. The stock has a market capitalization of $835.85 million, a P/E ratio of -2.97 and a beta of 1.02. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.81 and a quick ratio of 0.88. The firm's 50 day simple moving average is $29.38 and its two-hundred day simple moving average is $21.53.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, beating analysts' consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 16.38% and a negative net margin of 10.37%. The firm had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. As a group, analysts expect that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.
Radius Recycling Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, April 21st. Radius Recycling's dividend payout ratio is currently -7.52%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on shares of Radius Recycling in a research report on Tuesday, May 20th. They issued a "sell" rating on the stock.
Get Our Latest Report on Radius Recycling
Radius Recycling Profile
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding RDUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radius Recycling, Inc. (NASDAQ:RDUS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Radius Recycling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Radius Recycling wasn't on the list.
While Radius Recycling currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
