Barclays PLC Acquires 35,568 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Barclays PLC grew its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 156.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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’s holdings in Radius Recycling were worth $1,081,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Radius Recycling in the second quarter worth about $30,000. Quarry LP bought a new position in shares of Radius Recycling in the 3rd quarter valued at approximately $32,000. Founders Capital Management lifted its holdings in Radius Recycling by 50.0% in the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 600 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in Radius Recycling by 23.6% during the second 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 period. Finally, Point72 DIFC Ltd acquired a new position in Radius Recycling during the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RDUS has been the topic of a number of recent analyst reports. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. The Goldman Sachs Group started coverage on Radius Recycling in a report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price target for the company.

Radius Recycling Stock Performance

Shares of NASDAQ RDUS opened at $15.00 on Tuesday. The firm has a market capitalization of $420.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.59. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $30.50. The business has a fifty day simple moving average of $17.97 and a 200 day simple moving average of $16.80. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating 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 company had revenue of $771.00 million for the quarter, compared to the consensus estimate of $680.80 million. During the same period in the previous year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a yield of 5.00%. Radius Recycling’s dividend payout ratio (DPR) is presently -8.01%.

Insiders Place Their Bets

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 value of $301,889.00. Following the completion of the sale, the senior vice president now owns 133,780 shares of the company’s stock, valued at $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.90% 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.