Radius Recycling, Inc. (NASDAQ:RDUS) SVP Sells $301,889.00 in Stock

Radius Recycling, Inc. (NASDAQ:RDUS) SVP Steven Heiskell sold 17,675 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the sale, the senior vice president now directly owns 133,780 shares of the company’s stock, valued at $2,284,962.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Radius Recycling Trading Down 4.8 %

Shares of NASDAQ RDUS opened at $16.19 on Friday. The business’s 50 day moving average is $16.79 and its 200-day moving average is $16.65. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.18. The firm had revenue of $771.00 million for the quarter, compared to the consensus estimate of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Analysts expect that Radius Recycling, Inc. will post -1.02 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, November 12th. Radius Recycling’s dividend payout ratio (DPR) is -8.01%.

Institutional Investors Weigh In On Radius Recycling

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Radius Recycling by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,622,968 shares of the basic materials company’s stock valued at $55,423,000 after acquiring an additional 23,199 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Radius Recycling by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company’s stock valued at $8,623,000 after acquiring an additional 16,162 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Radius Recycling by 4.7% during the 2nd quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock valued at $5,267,000 after acquiring an additional 15,644 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Radius Recycling during the 1st quarter valued at $4,667,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Radius Recycling during the 1st quarter valued at $3,959,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a research report on Monday.

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.