Perpetual Ltd Has $9.89 Million Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Perpetual Ltd raised its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 159.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,466 shares of the basic materials company's stock after acquiring an additional 210,561 shares during the period. Perpetual Ltd owned about 1.21% of Radius Recycling worth $9,890,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Radius Recycling by 76.2% during the 1st quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company's stock worth $27,000 after acquiring an additional 410 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Radius Recycling during the fourth quarter worth $68,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Radius Recycling in the fourth quarter valued at $160,000. Quantinno Capital Management LP bought a new position in shares of Radius Recycling in the fourth quarter valued at about $181,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Radius Recycling during the 4th quarter worth about $207,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Radius Recycling Price Performance

NASDAQ:RDUS opened at $29.64 on Friday. The company has a market cap of $835.85 million, a price-to-earnings ratio of -2.97 and a beta of 1.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 1.81. The stock's fifty day moving average price is $29.47 and its two-hundred day moving average price is $22.08. Radius Recycling, Inc. has a 52-week low of $10.57 and a 52-week high of $29.74.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 16.38% and a negative net margin of 10.37%. On average, analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, April 21st. Radius Recycling's dividend payout ratio (DPR) 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.

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