Segall Bryant & Hamill LLC decreased its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 21.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 586,386 shares of the basic materials company's stock after selling 155,747 shares during the period. Segall Bryant & Hamill LLC owned approximately 2.08% of Radius Recycling worth $16,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Radius Recycling by 76.2% in 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 purchased a new position in Radius Recycling in the 4th quarter worth $68,000. CWM LLC raised its stake in Radius Recycling by 160.3% in the 1st quarter. CWM LLC now owns 6,431 shares of the basic materials company's stock worth $186,000 after acquiring an additional 3,960 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Radius Recycling by 3,956.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,139 shares of the basic materials company's stock worth $206,000 after acquiring an additional 6,963 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Radius Recycling in the 4th quarter worth $181,000. Hedge funds and other institutional investors own 78.11% of the company's stock.
Radius Recycling Price Performance
Shares of RDUS remained flat at $30.00 during mid-day trading on Friday. The stock had a trading volume of 1,720,208 shares, compared to its average volume of 472,652. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $30.04. The company has a quick ratio of 0.97, a current ratio of 1.85 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $846 million, a PE ratio of -8.33 and a beta of 1.00. The company has a 50-day moving average price of $29.64 and a 200 day moving average price of $23.37.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its earnings results on Tuesday, July 1st. The basic materials company reported ($0.39) EPS for the quarter, topping analysts' consensus estimates of ($0.87) by $0.48. Radius Recycling had a negative return on equity of 15.73% and a negative net margin of 3.69%. The firm had revenue of $726.99 million for the quarter, compared to the consensus estimate of $725.30 million. During the same quarter in the prior year, the business earned ($0.59) earnings per share. On average, sell-side analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.
Radius Recycling Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, July 21st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, July 21st. Radius Recycling's dividend payout ratio (DPR) is presently -20.83%.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Radius Recycling in a research note on Tuesday, May 20th. They issued a "sell" rating on the stock.
Read Our Latest Stock Analysis on RDUS
About Radius Recycling
(
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.
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