Proficio Capital Partners LLC Takes Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Proficio Capital Partners LLC bought a new stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 88,169 shares of the basic materials company’s stock, valued at approximately $1,342,000.

Several other large investors have also recently made changes to their positions in RDUS. Victory Capital Management Inc. increased its position in shares of Radius Recycling by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 52,200 shares of the basic materials company’s stock valued at $968,000 after purchasing an additional 3,400 shares during the last quarter. Quest Partners LLC increased its position in shares of Radius Recycling by 2,836.2% during the 3rd quarter. Quest Partners LLC now owns 22,491 shares of the basic materials company’s stock valued at $417,000 after purchasing an additional 21,725 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Radius Recycling during the 3rd quarter valued at $922,000. FMR LLC increased its position in shares of Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock valued at $17,638,000 after purchasing an additional 182,435 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Radius Recycling by 87.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,502 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 5,815 shares during the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.

Radius Recycling Trading Down 0.2 %

Shares of RDUS opened at $28.99 on Friday. The business has a 50-day moving average of $14.38 and a 200 day moving average of $16.28. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.16. The firm has a market cap of $816.21 million, a P/E ratio of -2.89 and a beta of 1.67. 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 (NASDAQ:RDUS) last announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.67). Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The firm had revenue of $656.54 million during the quarter, compared to analysts’ expectations of $665.90 million. During the same period last year, the business posted ($0.64) EPS. The company’s revenue was down 2.4% compared to the same quarter last year. As a group, research analysts forecast that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.1875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.75 annualized dividend and a yield of 2.59%. Radius Recycling’s dividend payout ratio is currently -7.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Radius Recycling in a report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective for the company. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

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.