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 company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total transaction of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Radius Recycling Price Performance

Shares of RDUS stock opened at $16.40 on Friday. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month high of $31.70. The company has a market capitalization of $459.86 million, a P/E ratio of -1.75 and a beta of 1.55. The stock has a 50 day moving average of $16.85 and a two-hundred day moving average of $16.63. 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) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.18. The firm had revenue of $771.00 million during the quarter, compared to analysts’ expectations of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. Radius Recycling’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. As a group, equities analysts expect that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a $0.1875 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a yield of 4.57%. Radius Recycling’s payout ratio is currently -8.01%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB acquired a new position in shares of Radius Recycling in the 1st quarter worth approximately $3,959,000. Russell Investments Group Ltd. acquired a new position in Radius Recycling during the first quarter worth $3,884,000. Swedbank AB bought a new position in shares of Radius Recycling during the first quarter valued at $1,437,000. Lesa Sroufe & Co acquired a new stake in shares of Radius Recycling in the 1st quarter valued at $1,321,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Radius Recycling in the 1st quarter worth about $649,000. Institutional investors own 78.11% of the company’s stock.

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.