2,461 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd purchased a new stake in Radius Recycling, Inc. (NASDAQ:RDUS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,461 shares of the basic materials company’s stock, valued at approximately $46,000.

Other hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise increased its position in shares of Radius Recycling by 23.6% during the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares during the period. Founders Capital Management boosted its stake in Radius Recycling by 50.0% during the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after buying an additional 600 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in Radius Recycling by 2.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock valued at $820,000 after buying an additional 925 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Radius Recycling by 10.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock valued at $162,000 after buying an additional 1,020 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of Radius Recycling during the 2nd quarter worth about $29,000. Institutional investors own 78.11% of the company’s stock.

Insider Activity at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the sale, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by company insiders.

Radius Recycling Price Performance

NASDAQ:RDUS opened at $18.90 on Tuesday. The firm has a market cap of $529.96 million, a PE ratio of -2.02 and a beta of 1.59. The company’s 50-day moving average price is $18.39 and its two-hundred day moving average price is $16.80. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month high of $31.70.

Radius Recycling (NASDAQ:RDUS) last announced its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $680.80 million. During the same period in the previous year, the business earned $0.47 EPS. Radius Recycling’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Radius Recycling, Inc. will post -1.02 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.1875 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.97%. Radius Recycling’s dividend payout ratio (DPR) is presently -8.01%.

Wall Street Analysts Forecast Growth

RDUS has been the topic of a number of analyst reports. StockNews.com raised shares of Radius Recycling from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group began coverage on Radius Recycling in a research note on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective 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.