James Matthew Vaughn Sells 1,379 Shares of Radius Recycling, Inc. (NASDAQ:RDUS) Stock

Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn sold 1,379 shares of Radius Recycling stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $16.63, for a total transaction of $22,932.77. Following the completion of the sale, the senior vice president now directly owns 15,028 shares of the company’s stock, valued at approximately $249,915.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Radius Recycling Stock Performance

Shares of RDUS opened at $19.82 on Friday. The firm has a market capitalization of $555.75 million, a P/E ratio of -2.12 and a beta of 1.55. Radius Recycling, Inc. has a 52 week low of $12.69 and a 52 week high of $31.70. The stock has a 50 day moving average price of $17.12 and a two-hundred day moving average price of $16.65. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.18. The business had revenue of $771.00 million during 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%. Radius Recycling’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. Equities analysts forecast that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.1875 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 3.78%. Radius Recycling’s dividend payout ratio (DPR) is -8.01%.

Hedge Funds Weigh In On Radius Recycling

A number of hedge funds and other institutional investors have recently modified their holdings of RDUS. Acadian Asset Management LLC bought a new position in Radius Recycling during the first quarter valued at about $6,957,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Radius Recycling during the 1st quarter valued at approximately $4,667,000. Nordea Investment Management AB purchased a new stake in shares of Radius Recycling during the 1st quarter worth approximately $3,959,000. Russell Investments Group Ltd. bought a new stake in shares of Radius Recycling in the 1st quarter worth approximately $3,884,000. Finally, Empowered Funds LLC purchased a new position in Radius Recycling in the first quarter valued at approximately $2,363,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.