Tower Research Capital LLC TRC reduced its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,562 shares of the basic materials company's stock after selling 8,872 shares during the quarter. Tower Research Capital LLC TRC's holdings in Radius Recycling were worth $146,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RDUS. Invesco Ltd. lifted its stake in Radius Recycling by 1.3% in the fourth quarter. Invesco Ltd. now owns 110,932 shares of the basic materials company's stock worth $1,688,000 after acquiring an additional 1,473 shares during the period. Inceptionr LLC boosted its position in Radius Recycling by 11.2% in the fourth quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company's stock valued at $284,000 after buying an additional 1,883 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Radius Recycling by 16.5% in the fourth quarter. Wells Fargo & Company MN now owns 20,986 shares of the basic materials company's stock worth $319,000 after acquiring an additional 2,968 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Radius Recycling by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 55,850 shares of the basic materials company's stock valued at $850,000 after buying an additional 3,650 shares during the period. Finally, Trium Capital LLP lifted 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 purchasing an additional 3,925 shares during the period. 78.11% of the stock is owned by hedge funds and other institutional investors.
Radius Recycling Trading Down 0.1 %
NASDAQ RDUS traded down $0.04 during trading on Friday, hitting $29.34. The stock had a trading volume of 283,487 shares, compared to its average volume of 404,200. Radius Recycling, Inc. has a twelve month low of $10.57 and a twelve month high of $29.48. The firm has a 50 day moving average price of $26.89 and a 200 day moving average price of $19.44. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $827.45 million, a PE ratio of -2.93 and a beta of 1.04.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. As a group, equities research analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.
Radius Recycling Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling's dividend payout ratio is currently -7.52%.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Radius Recycling in a research report on Sunday, May 4th. They set a "sell" rating for the company.
Check Out Our Latest Stock Report on Radius Recycling
Radius Recycling Company Profile
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Free Report)
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.
Further Reading
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