SG Americas Securities LLC Purchases Shares of 9,171 Radius Recycling, Inc. (NASDAQ:RDUS)

SG Americas Securities LLC acquired a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,171 shares of the basic materials company’s stock, valued at approximately $140,000.

Several other institutional investors have also bought and sold shares of the business. Quarry LP bought a new position in shares of Radius Recycling in the third quarter worth about $32,000. Point72 DIFC Ltd purchased a new stake in Radius Recycling in the third quarter worth about $46,000. Signaturefd LLC grew its holdings in Radius Recycling by 403.9% during the 3rd quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 3,280 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Radius Recycling by 172.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company’s stock valued at $99,000 after buying an additional 3,394 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Radius Recycling by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,020 shares during the period. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Trading Up 6.2 %

Shares of NASDAQ:RDUS opened at $13.05 on Tuesday. The company has a market cap of $367.49 million, a PE ratio of -1.30 and a beta of 1.60. The company’s 50 day moving average is $14.58 and its two-hundred day moving average is $16.15. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $25.51.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned ($0.64) EPS. Equities analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.75%. Radius Recycling’s dividend payout ratio (DPR) is presently -7.49%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. The Goldman Sachs Group started coverage on Radius Recycling in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.00 target price 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.