62,506 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Acquired by Lesa Sroufe & Co

Lesa Sroufe & Co purchased a new position in Radius Recycling, Inc. (NASDAQ:RDUS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 62,506 shares of the basic materials company’s stock, valued at approximately $1,321,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new stake in Radius Recycling during the 4th quarter valued at $4,488,000. Green Alpha Advisors LLC purchased a new stake in Radius Recycling during the 1st quarter valued at $967,000. Unison Advisors LLC purchased a new stake in Radius Recycling during the 1st quarter valued at $226,000. Allspring Global Investments Holdings LLC purchased a new stake in Radius Recycling during the 1st quarter valued at $367,000. Finally, Millburn Ridgefield Corp purchased a new stake in Radius Recycling during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on RDUS shares. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday. Seaport Res Ptn upgraded Radius Recycling from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 30th.

Radius Recycling Stock Performance

Shares of RDUS stock traded up $1.92 on Thursday, reaching $16.53. The stock had a trading volume of 286,823 shares, compared to its average volume of 246,555. The stock has a market cap of $462.51 million, a P/E ratio of -7.25 and a beta of 1.56. Radius Recycling, Inc. has a 1 year low of $12.69 and a 1 year high of $36.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The company has a 50 day simple moving average of $16.52 and a 200 day simple moving average of $20.61.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.66) by $0.07. The company had revenue of $673.92 million during the quarter, compared to analyst estimates of $693.90 million. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm’s revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Equities research analysts expect that Radius Recycling, Inc. will post -3.32 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 22nd will be given a dividend of $0.1875 per share. The ex-dividend date is Monday, July 22nd. This represents a $0.75 annualized dividend and a dividend yield of 4.54%. Radius Recycling’s dividend payout ratio (DPR) is presently -32.89%.

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.