Creative Planning Acquires 15,886 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Creative Planning increased its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 70.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,413 shares of the basic materials company’s stock after buying an additional 15,886 shares during the period. Creative Planning owned 0.14% of Radius Recycling worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Banque Cantonale Vaudoise raised its stake in shares of Radius Recycling by 23.6% during the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after buying an additional 564 shares during the last quarter. Founders Capital Management raised its stake in shares of Radius Recycling by 50.0% during the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after buying an additional 600 shares during the last quarter. Green Alpha Advisors LLC raised its stake in shares of Radius Recycling by 2.1% during the third quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock worth $820,000 after buying an additional 925 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Radius Recycling by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 1,020 shares during the period. Finally, Gladius Capital Management LP acquired a new position in Radius Recycling during the second quarter valued at approximately $29,000. 78.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Radius Recycling

In other news, SVP Steven Heiskell sold 17,675 shares of the 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 completion of the sale, the senior vice president now owns 133,780 shares of the company’s stock, valued at $2,284,962.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is owned by insiders.

Radius Recycling Stock Up 1.3 %

Shares of NASDAQ RDUS opened at $16.40 on Monday. The stock has a market cap of $459.86 million, a P/E ratio of -1.75 and a beta of 1.55. The firm has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. Radius Recycling, Inc. has a 52-week low of $12.69 and a 52-week high of $31.70.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) 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 firm had revenue of $771.00 million during the quarter, compared to analysts’ expectations of $680.80 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s dividend payout ratio is -8.01%.

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.