Quantinno Capital Management LP Makes New $181,000 Investment in Radius Recycling, Inc. (NASDAQ:RDUS)

Quantinno Capital Management LP bought a new position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,909 shares of the basic materials company's stock, valued at approximately $181,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC increased its holdings in Radius Recycling by 15.7% during the fourth quarter. Barclays PLC now owns 67,523 shares of the basic materials company's stock valued at $1,027,000 after buying an additional 9,186 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Radius Recycling in the 4th quarter valued at about $1,342,000. E. Ohman J or Asset Management AB increased its stake in shares of Radius Recycling by 29.9% during the fourth quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company's stock worth $1,501,000 after purchasing an additional 22,700 shares in the last quarter. PEAK6 LLC acquired a new position in Radius Recycling in the 4th quarter valued at $262,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Radius Recycling during the fourth quarter worth about $160,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Radius Recycling in a research report on Tuesday, May 20th. They issued a "sell" rating on the stock.

Radius Recycling Stock Up 0.2%

Shares of NASDAQ:RDUS traded up $0.06 during trading on Friday, hitting $29.59. 1,779,966 shares of the company were exchanged, compared to its average volume of 434,862. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $29.69. The stock has a market capitalization of $834.50 million, a P/E ratio of -2.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The firm's 50 day moving average price is $29.21 and its 200-day moving average price is $20.67.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued 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, research analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $0.75 annualized dividend and a dividend yield of 2.53%. Radius Recycling's payout ratio is -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.