Lesa Sroufe & Co Buys New Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Lesa Sroufe & Co bought a new stake in Radius Recycling, Inc. (NASDAQ:RDUS) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 62,506 shares of the basic materials company’s stock, valued at approximately $1,321,000. Lesa Sroufe & Co owned about 0.22% of Radius Recycling as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RDUS. Nordea Investment Management AB acquired a new stake in Radius Recycling in the 1st quarter valued at approximately $3,959,000. Fisher Asset Management LLC acquired a new stake in Radius Recycling in the 4th quarter valued at approximately $4,488,000. Green Alpha Advisors LLC acquired a new stake in Radius Recycling in the 1st quarter valued at approximately $967,000. BNP Paribas Financial Markets acquired a new position in shares of Radius Recycling during the 1st quarter worth approximately $649,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Radius Recycling during the 1st quarter worth approximately $367,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RDUS shares. Seaport Res Ptn raised Radius Recycling from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 30th. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday.

Radius Recycling Stock Performance

Shares of RDUS stock traded up $1.92 during trading on Thursday, reaching $16.53. 286,823 shares of the company’s stock were exchanged, compared to its average volume of 246,555. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $462.51 million, a PE ratio of -7.25 and a beta of 1.56. Radius Recycling, Inc. has a twelve month low of $12.69 and a twelve month high of $36.64. The firm’s fifty day moving average price is $16.52 and its 200-day moving average price is $20.61.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.07. The business had revenue of $673.92 million for the quarter, compared to analyst estimates of $693.90 million. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. As a group, sell-side analysts anticipate that Radius Recycling, Inc. will post -3.32 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 22nd will be paid a $0.1875 dividend. The ex-dividend date is Monday, July 22nd. This represents a $0.75 annualized dividend and a yield of 4.54%. Radius Recycling’s dividend payout ratio (DPR) is presently -32.89%.

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.