Orion Portfolio Solutions LLC Sells 2,416 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Orion Portfolio Solutions LLC reduced its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,338 shares of the basic materials company’s stock after selling 2,416 shares during the quarter. Orion Portfolio Solutions LLC owned 0.12% of Radius Recycling worth $637,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Banque Cantonale Vaudoise increased its stake in Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after buying an additional 564 shares during the last quarter. Founders Capital Management increased its stake in Radius Recycling by 50.0% in the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after buying an additional 600 shares during the last quarter. Green Alpha Advisors LLC increased its stake 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 last quarter. The Manufacturers Life Insurance Company increased its stake in 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 during the last quarter. Finally, Quarry LP acquired a new stake in Radius Recycling in the 3rd quarter valued at $32,000. 78.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Radius Recycling Stock Up 1.4 %

Radius Recycling stock opened at $17.30 on Wednesday. The firm has a market capitalization of $485.07 million, a PE ratio of -1.85 and a beta of 1.59. The company’s 50-day moving average is $18.38 and its 200-day moving average is $16.82. Radius Recycling, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.18. The company had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. Radius Recycling’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Sell-side analysts anticipate that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s payout ratio is -8.01%.

Insider Buying and Selling

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

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.