Quantbot Technologies LP Acquires New Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Quantbot Technologies LP bought a new position in Radius Recycling, Inc. (NASDAQ:RDUS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,640 shares of the basic materials company’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RDUS. Quarry LP purchased a new position in Radius Recycling in the 3rd quarter worth approximately $32,000. Point72 DIFC Ltd bought a new stake in shares of Radius Recycling in the 3rd quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Radius Recycling by 172.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 3,394 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Radius Recycling during the fourth quarter valued at $140,000. Finally, Centiva Capital LP bought a new position in shares of Radius Recycling during the third quarter valued at $193,000. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Stock Performance

Shares of RDUS opened at $28.98 on Friday. The firm has a market capitalization of $815.93 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 current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.18. The business has a fifty day moving average of $16.46 and a 200 day moving average of $16.90.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm had revenue of $656.54 million for the quarter, compared to the consensus estimate of $665.90 million. During the same quarter in the prior year, the firm earned ($0.64) earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.1875 per share. 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 (DPR) is -7.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RDUS shares. The Goldman Sachs Group started 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 started coverage on shares of Radius Recycling in a report on Tuesday, March 25th. They set a “sell” rating for the company.

Radius Recycling Company Profile

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.