Steven Heiskell Sells 17,675 Shares of Radius Recycling, Inc. (NASDAQ:RDUS) Stock

Radius Recycling, Inc. (NASDAQ:RDUS) SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction dated 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 transaction, the senior vice president now owns 133,780 shares of the company’s stock, valued at $2,284,962.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Radius Recycling Stock Performance

Shares of RDUS stock opened at $16.40 on Friday. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month 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 $459.86 million, a P/E ratio of -1.75 and a beta of 1.53. The firm has a fifty day moving average price of $16.83 and a 200 day moving average price of $16.64.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.18. The business had revenue of $771.00 million for the quarter, compared to the consensus estimate of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. Sell-side analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.75 annualized dividend and a dividend yield of 4.57%. Radius Recycling’s dividend payout ratio is presently -8.01%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Radius Recycling during the first quarter worth about $6,957,000. Jacobs Levy Equity Management Inc. acquired a new position in Radius Recycling during the first quarter worth approximately $4,667,000. Nordea Investment Management AB purchased a new stake in Radius Recycling in the first quarter valued at approximately $3,959,000. Russell Investments Group Ltd. acquired a new stake in shares of Radius Recycling in the first quarter valued at approximately $3,884,000. Finally, Empowered Funds LLC purchased a new position in shares of Radius Recycling during the first quarter worth approximately $2,363,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

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.