PDT Partners LLC Buys 11,885 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

PDT Partners LLC boosted its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 26.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,610 shares of the basic materials company’s stock after purchasing an additional 11,885 shares during the quarter. PDT Partners LLC owned about 0.21% of Radius Recycling worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock valued at $17,638,000 after buying an additional 182,435 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Radius Recycling in the second quarter valued at $1,213,000. Swedbank AB purchased a new stake in Radius Recycling during the first quarter valued at about $1,437,000. Algert Global LLC bought a new stake in Radius Recycling during the third quarter worth about $922,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Radius Recycling by 78.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company’s stock worth $1,483,000 after purchasing an additional 42,636 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Price Performance

Shares of NASDAQ:RDUS opened at $19.82 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. The stock has a market cap of $555.75 million, a PE ratio of -2.12 and a beta of 1.55. The company’s fifty day moving average is $18.25 and its 200 day moving average is $16.76. Radius Recycling, Inc. has a 52 week low of $12.69 and a 52 week high of $31.70.

Radius Recycling (NASDAQ:RDUS) last released 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. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The company had revenue of $771.00 million during the quarter, compared to analyst estimates of $680.80 million. During the same quarter in the previous year, the company posted $0.47 EPS. Radius Recycling’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts anticipate that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s dividend payout ratio is -8.01%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th.

Insider Activity at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by company insiders.

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.