Moody National Bank Trust Division purchased a new position in Radius Recycling, Inc. (NASDAQ:RDUS – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 22,566 shares of the basic materials company’s stock, valued at approximately $345,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC bought a new position in shares of Radius Recycling during the 4th quarter worth about $4,488,000. Green Alpha Advisors LLC acquired a new position in Radius Recycling during the 1st quarter worth approximately $967,000. Unison Advisors LLC acquired a new position in Radius Recycling during the 1st quarter worth approximately $226,000. Allspring Global Investments Holdings LLC bought a new position in Radius Recycling in the first quarter worth approximately $367,000. Finally, Millburn Ridgefield Corp acquired a new stake in Radius Recycling in the first quarter valued at approximately $33,000. 78.11% of the stock is owned by institutional investors.
Radius Recycling Stock Up 0.9 %
Shares of RDUS traded up $0.13 on Tuesday, reaching $14.64. The company’s stock had a trading volume of 188,970 shares, compared to its average volume of 240,755. Radius Recycling, Inc. has a twelve month low of $12.69 and a twelve month high of $33.92. The stock has a market capitalization of $410.51 million, a PE ratio of -1.49 and a beta of 1.56. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $16.22 and a 200-day moving average of $19.22.
Radius Recycling Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Monday, July 22nd. Radius Recycling’s payout ratio is currently -7.72%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on RDUS shares. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. Seaport Res Ptn upgraded shares of Radius Recycling from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 30th.
View Our Latest Report on RDUS
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.
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