Segall Bryant & Hamill LLC Has $16.94 Million Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Segall Bryant & Hamill LLC lessened its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 21.0% in the 1st quarter, according to its most recent Form 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 quarter. Segall Bryant & Hamill LLC owned about 2.08% of Radius Recycling worth $16,935,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Ameriprise Financial Inc. raised its position in Radius Recycling by 17.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company's stock worth $38,039,000 after acquiring an additional 377,212 shares in the last quarter. Systematic Financial Management LP raised its position in Radius Recycling by 9.2% in the fourth quarter. Systematic Financial Management LP now owns 689,315 shares of the basic materials company's stock worth $10,491,000 after acquiring an additional 58,353 shares in the last quarter. Perpetual Ltd raised its position in Radius Recycling by 159.6% in the first quarter. Perpetual Ltd now owns 342,466 shares of the basic materials company's stock worth $9,890,000 after acquiring an additional 210,561 shares in the last quarter. Icon Advisers Inc. Co. raised its position in Radius Recycling by 115.9% in the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock worth $4,338,000 after acquiring an additional 153,000 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Radius Recycling in the fourth quarter valued at $4,199,000. Hedge funds and other institutional investors own 78.11% of the company's stock.

Radius Recycling Stock Performance

NASDAQ RDUS remained flat at $30.00 during mid-day trading on Friday. The company's stock had a trading volume of 1,720,208 shares, compared to its average volume of 474,786. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $30.04. The firm's fifty day simple moving average is $29.65 and its two-hundred day simple moving average is $23.59. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $846 million, a P/E ratio of -8.33 and a beta of 1.00.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.87) by $0.48. The business had revenue of $726.99 million during the quarter, compared to analyst estimates of $725.30 million. Radius Recycling had a negative return on equity of 15.73% and a negative net margin of 3.69%. During the same quarter in the previous year, the firm posted ($0.59) EPS. Equities research analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, July 21st will be paid a $0.1875 dividend. 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 is presently -20.83%.

Wall Street Analyst Weigh In

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

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.