ExodusPoint Capital Management LP Sells 22,570 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

ExodusPoint Capital Management LP cut its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 49.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,213 shares of the basic materials company's stock after selling 22,570 shares during the quarter. ExodusPoint Capital Management LP owned about 0.08% of Radius Recycling worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Radius Recycling during the 4th quarter valued at $140,000. Y Intercept Hong Kong Ltd acquired a new position in Radius Recycling during the fourth quarter valued at approximately $160,000. Trium Capital LLP raised 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 valued at $203,000 after acquiring an additional 3,925 shares during the period. BNP Paribas Financial Markets boosted its holdings in Radius Recycling by 87.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,502 shares of the basic materials company's stock worth $232,000 after acquiring an additional 5,815 shares during the period. Finally, Versor Investments LP acquired a new stake in Radius Recycling during the 4th quarter valued at approximately $236,000. Hedge funds and other institutional investors own 78.11% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Radius Recycling in a research note on Friday. They set a "sell" rating on the stock.

Radius Recycling Stock Performance

Shares of RDUS traded up $0.01 during trading hours on Friday, reaching $29.11. 533,956 shares of the company traded hands, compared to its average volume of 376,010. The stock's fifty day moving average is $21.73 and its 200 day moving average is $18.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $29.20. The stock has a market cap of $820.96 million, a P/E ratio of -2.91 and a beta of 1.07.

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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $642.51 million for the quarter, compared to analysts' expectations of $635.94 million. Equities research analysts anticipate that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders 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 annualized dividend and a dividend yield of 2.58%. Radius Recycling's payout ratio is currently -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.