Thrivent Financial for Lutherans Has $646,000 Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Thrivent Financial for Lutherans lowered its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 16.5% during the third quarter, Holdings Channel reports. The firm owned 34,808 shares of the basic materials company’s stock after selling 6,897 shares during the period. Thrivent Financial for Lutherans’ holdings in Radius Recycling were worth $646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Radius Recycling during the 2nd quarter valued at $1,213,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Radius Recycling by 78.3% during the 2nd 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 acquiring an additional 42,636 shares during the period. Dark Forest Capital Management LP raised its holdings in Radius Recycling by 333.4% during the second quarter. Dark Forest Capital Management LP now owns 49,867 shares of the basic materials company’s stock worth $761,000 after buying an additional 38,361 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Radius Recycling during the second quarter worth $525,000. Finally, California State Teachers Retirement System acquired a new position in Radius Recycling during the first quarter worth $555,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RDUS shares. The Goldman Sachs Group started coverage on shares of Radius Recycling in a report on Monday. They set a “neutral” rating and a $22.00 price objective on the stock. StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday.

Radius Recycling Stock Performance

RDUS opened at $20.60 on Thursday. 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 company’s fifty day moving average price is $18.38 and its two-hundred day moving average price is $16.78. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70. The company has a market cap of $577.62 million, a price-to-earnings ratio of -2.20 and a beta of 1.59.

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, topping the consensus estimate 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 analyst estimates of $680.80 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Radius Recycling, Inc. will post -1.02 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 annualized dividend and a dividend yield of 3.64%. Radius Recycling’s payout ratio is -8.01%.

Insider Transactions at Radius Recycling

In other news, SVP Steven Heiskell sold 17,675 shares of the company’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 $2,284,962.40. This represents a 11.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.70% of the company’s stock.

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.