31,418 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,418 shares of the basic materials company's stock, valued at approximately $478,000. Squarepoint Ops LLC owned approximately 0.11% of Radius Recycling as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in RDUS. Aquatic Capital Management LLC bought a new position in shares of Radius Recycling during the 4th quarter valued at $68,000. SG Americas Securities LLC bought a new position in shares of Radius Recycling during the fourth quarter valued at about $140,000. Y Intercept Hong Kong Ltd bought a new position in shares of Radius Recycling during the fourth quarter valued at about $160,000. Quantinno Capital Management LP purchased a new position in shares of Radius Recycling in the fourth quarter worth about $181,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Radius Recycling in the 4th quarter valued at about $207,000. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Trading Up 0.1%

Shares of NASDAQ RDUS traded up $0.04 during mid-day trading on Friday, hitting $29.62. The stock had a trading volume of 635,624 shares, compared to its average volume of 449,039. The business has a 50 day moving average price of $29.28 and a two-hundred day moving average price of $21.07. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $29.72. 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 $835.34 million, a P/E ratio of -2.96 and a beta of 1.02.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. The business 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, equities analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal 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 issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a yield of 2.53%. Radius Recycling's dividend payout ratio is presently -7.52%.

Analyst Upgrades and Downgrades

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

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.