Radius Recycling, Inc. (NASDAQ:RDUS) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 156.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 58,337 shares of the basic materials company’s stock after acquiring an additional 35,568 shares during the period. Barclays PLC owned approximately 0.21% of Radius Recycling worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Radius Recycling during the second quarter worth approximately $30,000. Quarry LP bought a new position in Radius Recycling during the 3rd quarter valued at $32,000. Founders Capital Management grew its holdings in Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 600 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 564 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Radius Recycling in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Radius Recycling Trading Down 1.5 %

Shares of NASDAQ RDUS opened at $15.00 on Tuesday. Radius Recycling, Inc. has a 12-month low of $12.69 and a 12-month high of $30.50. The company has a market cap of $420.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.59. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $17.97 and its 200 day simple moving average is $16.80.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results 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. The company had revenue of $771.00 million for 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%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts expect that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s dividend payout ratio (DPR) is -8.01%.

Analyst Ratings Changes

Several brokerages recently weighed in on RDUS. The Goldman Sachs Group assumed coverage on Radius Recycling in a report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective for the company. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

Insider Buying and Selling at Radius Recycling

In related news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is owned by company insiders.

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.