GAMMA Investing LLC Acquires 26,840 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

GAMMA Investing LLC lifted its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 4,988.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,378 shares of the basic materials company's stock after acquiring an additional 26,840 shares during the period. GAMMA Investing LLC owned approximately 0.10% of Radius Recycling worth $791,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Moody National Bank Trust Division increased its stake in Radius Recycling by 11.5% during the 1st quarter. Moody National Bank Trust Division now owns 30,450 shares of the basic materials company's stock worth $879,000 after purchasing an additional 3,140 shares in the last quarter. Wellington Management Group LLP increased its stake in Radius Recycling by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 88,129 shares of the basic materials company's stock worth $1,341,000 after purchasing an additional 760 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Radius Recycling by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,480 shares of the basic materials company's stock worth $1,012,000 after purchasing an additional 3,090 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Radius Recycling during the 4th quarter worth approximately $478,000. Finally, Systematic Financial Management LP increased its stake in Radius Recycling by 9.2% during the 4th quarter. Systematic Financial Management LP now owns 689,315 shares of the basic materials company's stock worth $10,491,000 after purchasing an additional 58,353 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on Radius Recycling in a research note on Tuesday, May 20th. They set a "sell" rating for the company.

Radius Recycling Stock Down 0.4%

Shares of RDUS traded down $0.12 during mid-day trading on Friday, hitting $29.52. 1,101,480 shares of the company's stock were exchanged, compared to its average volume of 459,689. The company has a market cap of $832.46 million, a PE ratio of -2.96 and a beta of 1.02. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.74. The company has a 50-day simple moving average of $29.41 and a 200 day simple moving average of $21.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.81 and a quick ratio of 0.88.

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 for the quarter, topping the consensus estimate of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to analysts' expectations of $635.94 million. Radius Recycling had a negative net margin of 10.37% and a negative return on equity of 16.38%. On average, 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 declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were paid a dividend of $0.1875 per share. The ex-dividend date was Monday, April 21st. This represents a $0.75 annualized dividend and a dividend yield of 2.54%. Radius Recycling's dividend 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.