Susquehanna Fundamental Investments LLC Takes $750,000 Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 49,257 shares of the basic materials company's stock, valued at approximately $750,000. Susquehanna Fundamental Investments LLC owned approximately 0.17% of Radius Recycling at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Radius Recycling during the 4th quarter worth about $140,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Radius Recycling during the 4th quarter worth $160,000. Trium Capital LLP grew its stake in 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 buying an additional 3,925 shares during the last quarter. Versor Investments LP bought a new position in Radius Recycling in the 4th quarter worth $236,000. Finally, Quantbot Technologies LP acquired a new position in Radius Recycling during the 4th quarter worth $238,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Price Performance

NASDAQ RDUS remained flat at $29.43 during midday trading on Monday. 584,751 shares of the company's stock traded hands, compared to its average volume of 398,509. The stock has a fifty day moving average of $25.62 and a two-hundred day moving average of $19.11. The firm has a market cap of $829.98 million, a PE ratio of -2.94 and a beta of 1.07. 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 52 week low of $10.57 and a 52 week high of $29.48.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $642.51 million during the quarter, compared to analysts' expectations of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. As a group, equities analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 21st will be 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 of this dividend is Monday, April 21st. Radius Recycling's dividend payout ratio is -7.52%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Radius Recycling in a research note on Sunday. They issued a "sell" rating on the stock.

About Radius Recycling

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.