Radius Recycling, Inc. (NASDAQ:RDUS) Shares Purchased by Quest Partners LLC

Quest Partners LLC raised its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 2,836.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,491 shares of the basic materials company’s stock after acquiring an additional 21,725 shares during the quarter. Quest Partners LLC’s holdings in Radius Recycling were worth $417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in Radius Recycling in the first quarter valued at $4,667,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Radius Recycling during the 2nd quarter worth about $1,213,000. Swedbank AB purchased a new stake in Radius Recycling during the first quarter worth approximately $1,437,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Radius Recycling by 78.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company’s stock valued at $1,483,000 after purchasing an additional 42,636 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its stake in Radius Recycling by 333.4% in the second quarter. Dark Forest Capital Management LP now owns 49,867 shares of the basic materials company’s stock valued at $761,000 after purchasing an additional 38,361 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

Radius Recycling Stock Performance

Shares of RDUS stock opened at $20.21 on Monday. The stock’s 50-day moving average is $17.98 and its two-hundred day moving average is $16.70. 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 1 year low of $12.69 and a 1 year high of $31.70. The firm has a market cap of $566.69 million, a price-to-earnings ratio of -2.16 and a beta of 1.55.

Radius Recycling (NASDAQ:RDUS) last announced its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping 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 business had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. During the same period last year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.1875 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.71%. Radius Recycling’s payout ratio is -8.01%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

Insider Activity

In other news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the sale, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

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.