Systematic Financial Management LP Has $10.49 Million Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Systematic Financial Management LP boosted its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 9.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 689,315 shares of the basic materials company's stock after buying an additional 58,353 shares during the period. Systematic Financial Management LP owned approximately 2.45% of Radius Recycling worth $10,491,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in RDUS. Barclays PLC boosted 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 worth $1,027,000 after purchasing an additional 9,186 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Radius Recycling in the 4th quarter valued at approximately $1,342,000. E. Ohman J or Asset Management AB grew its stake in shares of Radius Recycling by 29.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company's stock valued at $1,501,000 after buying an additional 22,700 shares in the last quarter. JPMorgan Chase & Co. raised its position in Radius Recycling by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company's stock worth $1,537,000 after acquiring an additional 33,298 shares in the last quarter. Finally, PEAK6 LLC acquired a new stake in Radius Recycling in the fourth quarter valued at $262,000. Institutional investors own 78.11% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of Radius Recycling in a research note on Tuesday. They issued a "sell" rating on the stock.

Radius Recycling Stock Performance

RDUS stock traded up $0.03 during trading hours on Friday, hitting $29.46. 144,766 shares of the stock were exchanged, compared to its average volume of 415,280. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $29.59. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $830.69 million, a P/E ratio of -2.94 and a beta of 1.04. The company has a 50-day simple moving average of $29.15 and a two-hundred day simple moving average of $20.22.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, beating analysts' consensus estimates of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to the consensus estimate 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, analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Monday, April 21st. Radius Recycling's payout ratio is -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.