Inceptionr LLC Purchases 1,883 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Inceptionr LLC boosted its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,645 shares of the basic materials company’s stock after buying an additional 1,883 shares during the period. Inceptionr LLC owned approximately 0.07% of Radius Recycling worth $284,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new position in shares of Radius Recycling in the 3rd quarter valued at about $32,000. Point72 DIFC Ltd bought a new stake in Radius Recycling in the third quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in 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 valued at $99,000 after buying an additional 3,394 shares during the period. SG Americas Securities LLC bought a new position in shares of Radius Recycling during the 4th quarter worth approximately $140,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Radius Recycling during the 4th quarter worth approximately $160,000. Institutional investors own 78.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RDUS shares. StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. The Goldman Sachs Group began coverage on shares of Radius Recycling in a report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective on the stock.

Radius Recycling Trading Down 1.1 %

Shares of Radius Recycling stock opened at $13.71 on Monday. The stock has a market capitalization of $386.01 million, a PE ratio of -1.37 and a beta of 1.67. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $21.42. The stock has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $15.86. 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 posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 million. During the same period in the previous year, the business posted ($0.64) EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.1875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.47%. Radius Recycling’s dividend payout ratio is presently -7.49%.

Radius Recycling 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.