James Matthew Vaughn Sells 1,379 Shares of Radius Recycling, Inc. (NASDAQ:RDUS) Stock

Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn sold 1,379 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $16.63, for a total transaction of $22,932.77. Following the completion of the transaction, the senior vice president now owns 15,028 shares in the company, valued at approximately $249,915.64. This represents 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 available at this link.

Radius Recycling Trading Down 3.3 %

Shares of Radius Recycling stock opened at $19.82 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. The firm has a 50-day moving average of $17.12 and a 200-day moving average of $16.65. Radius Recycling, Inc. has a 52-week low of $12.69 and a 52-week high of $31.70. The stock has a market cap of $555.75 million, a PE ratio of -2.12 and a beta of 1.55.

Radius Recycling (NASDAQ:RDUS) last released its quarterly 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. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The company had revenue of $771.00 million during the quarter, compared to the consensus estimate of $680.80 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts forecast that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.75 annualized dividend and a dividend yield of 3.78%. Radius Recycling’s dividend payout ratio is currently -8.01%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

Institutional Trading of Radius Recycling

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position 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 purchasing an additional 23,199 shares in the last quarter. American Century Companies Inc. lifted its position 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 during the period. Acadian Asset Management LLC boosted its stake in Radius Recycling by 4.7% during the second quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock worth $5,267,000 after acquiring an additional 15,644 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Radius Recycling in the first quarter valued at $4,667,000. Finally, Nordea Investment Management AB acquired a new position in shares of Radius Recycling during the first quarter valued at about $3,959,000. Institutional investors and hedge funds 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.