PDT Partners LLC Sells 22,432 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

PDT Partners LLC cut its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,178 shares of the basic materials company's stock after selling 22,432 shares during the period. PDT Partners LLC owned approximately 0.12% of Radius Recycling worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Aquatic Capital Management LLC purchased a new stake in shares of Radius Recycling in the fourth quarter worth approximately $68,000. SG Americas Securities LLC purchased a new stake in Radius Recycling in the 4th quarter valued at $140,000. Y Intercept Hong Kong Ltd purchased a new position in Radius Recycling during the 4th quarter worth $160,000. Trium Capital LLP grew its stake in shares of Radius Recycling by 41.8% in the 4th quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company's stock worth $203,000 after acquiring an additional 3,925 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Radius Recycling in the fourth quarter valued at about $236,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Radius Recycling in a research note on Sunday. They issued a "sell" rating for the company.

Radius Recycling Stock Performance

RDUS traded up $0.04 during trading on Friday, hitting $29.43. 837,464 shares of the company traded hands, compared to its average volume of 397,761. The firm has a market cap of $829.98 million, a P/E ratio of -2.94 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.47. The stock's fifty day moving average is $25.30 and its 200 day moving average is $19.03.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $635.94 million. As a group, equities analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a yield of 2.55%. 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.