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

BNP Paribas Financial Markets increased its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 87.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,502 shares of the basic materials company’s stock after purchasing an additional 5,815 shares during the quarter. BNP Paribas Financial Markets’ holdings in Radius Recycling were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDUS. FMR LLC grew its stake in shares of Radius Recycling by 23.7% in the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock worth $17,638,000 after purchasing an additional 182,435 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Radius Recycling in the 2nd quarter valued at approximately $1,213,000. Algert Global LLC purchased a new stake in shares of Radius Recycling in the third quarter valued at $922,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in 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 worth $1,483,000 after acquiring an additional 42,636 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of 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 purchasing an additional 38,361 shares during the period. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Trading Down 2.5 %

Shares of Radius Recycling stock opened at $17.06 on Tuesday. The company’s fifty day simple moving average is $18.38 and its 200-day simple moving average is $16.82. Radius Recycling, Inc. has a 1 year low of $12.69 and a 1 year high of $31.70. 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 has a market cap of $478.35 million, a price-to-earnings ratio of -1.82 and a beta of 1.59.

Radius Recycling (NASDAQ:RDUS) last released its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The business had revenue of $771.00 million for the quarter, compared to the consensus estimate of $680.80 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side 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. Investors of record on Tuesday, November 12th were paid a $0.1875 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.40%. Radius Recycling’s payout ratio is -8.01%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group started coverage on shares of Radius Recycling in a report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective for the company.

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.