Quantinno Capital Management LP Purchases New Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Quantinno Capital Management LP bought a new position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 added to or reduced their stakes in RDUS. Aquatic Capital Management LLC bought a new position in shares of Radius Recycling in the 4th quarter valued at about $68,000. SG Americas Securities LLC bought a new position in shares of Radius Recycling in the 4th quarter valued at about $140,000. Y Intercept Hong Kong Ltd bought a new position in shares of Radius Recycling in the 4th quarter valued at about $160,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Radius Recycling in the 4th quarter valued at about $207,000. Finally, Versor Investments LP bought a new position in shares of Radius Recycling in the 4th quarter valued at about $236,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Radius Recycling Stock Performance

Radius Recycling stock traded down $0.01 during midday trading on Thursday, reaching $29.53. 692,497 shares of the company's stock were exchanged, compared to its average volume of 427,730. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. The firm has a market cap of $832.81 million, a price-to-earnings ratio of -2.95 and a beta of 1.04. The stock's 50-day simple moving average is $29.20 and its 200 day simple moving average is $20.57.

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 business had revenue of $642.51 million during the quarter, compared to analysts' expectations of $635.94 million. On average, analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Monday, April 21st. Radius Recycling's dividend payout ratio is presently -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.