Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn Sells 1,379 Shares

Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn sold 1,379 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $16.63, for a total value of $22,932.77. Following the completion of the transaction, the senior vice president now directly owns 15,028 shares of the company’s stock, valued at approximately $249,915.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Radius Recycling Price Performance

RDUS stock traded up $2.86 during trading hours on Wednesday, hitting $19.83. 247,259 shares of the stock traded hands, compared to its average volume of 220,755. The stock has a 50-day simple moving average of $16.92 and a 200 day simple moving average of $16.60. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $31.70. The company has a market cap of $556.03 million, a P/E ratio of -2.08 and a beta of 1.55. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

Radius Recycling (NASDAQ:RDUS) last announced its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The business had revenue of $771.00 million during the quarter, compared to analysts’ expectations of $680.80 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.1875 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 3.78%. Radius Recycling’s dividend payout ratio is currently -8.01%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Radius Recycling from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Radius Recycling in the 1st quarter valued at $367,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Radius Recycling in the 1st quarter valued at $236,000. BNP Paribas Financial Markets acquired a new position in shares of Radius Recycling in the 1st quarter valued at $649,000. Nordea Investment Management AB acquired a new position in shares of Radius Recycling in the 1st quarter valued at $3,959,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Radius Recycling in the 1st quarter worth about $51,000. Institutional investors own 78.11% of the company’s 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.