Radius Recycling, Inc. (NASDAQ:RDUS) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 225.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,673 shares of the basic materials company’s stock after buying an additional 28,171 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of Radius Recycling worth $619,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in RDUS. Aquatic Capital Management LLC acquired a new position in Radius Recycling during the fourth quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new position in shares of Radius Recycling during the fourth quarter valued at $140,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Radius Recycling during the fourth quarter valued at $160,000. Mercer Global Advisors Inc. ADV acquired a new stake in Radius Recycling in the fourth quarter worth about $207,000. Finally, Versor Investments LP bought a new stake in Radius Recycling in the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Radius Recycling Price Performance

Radius Recycling stock opened at $29.61 on Friday. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $29.65. The stock has a market cap of $835.06 million, a price-to-earnings ratio of -2.96 and a beta of 1.04. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The business’s 50-day simple moving average is $29.16 and its 200 day simple moving average is $20.30.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09. The business had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. As a group, research analysts anticipate that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling’s payout ratio is -7.52%.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Radius Recycling in a report on Tuesday. They issued a “sell” rating on the stock.

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.