Jane Street Group LLC Buys 35,073 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Jane Street Group LLC boosted its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 62.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,813 shares of the basic materials company’s stock after purchasing an additional 35,073 shares during the quarter. Jane Street Group LLC owned 0.32% of Radius Recycling worth $1,684,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp grew its holdings in shares of Radius Recycling by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 20,052 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 4,455 shares in the last quarter. Systematic Financial Management LP lifted its position in Radius Recycling by 8.5% in the third quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company’s stock worth $11,698,000 after purchasing an additional 49,450 shares during the period. Quarry LP acquired a new stake in Radius Recycling during the third quarter worth $32,000. Point72 DIFC Ltd bought a new stake in Radius Recycling in the 3rd quarter valued at $46,000. Finally, Centiva Capital LP acquired a new position in shares of Radius Recycling in the 3rd quarter valued at $193,000. 78.11% of the stock is owned by institutional investors.

Radius Recycling Price Performance

RDUS opened at $15.66 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. The company’s 50 day simple moving average is $18.08 and its 200-day simple moving average is $16.80. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $31.70. The stock has a market capitalization of $439.09 million, a P/E ratio of -1.67 and a beta of 1.59.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. During the same quarter last year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 dividend yield of 4.79%. Radius Recycling’s dividend payout ratio is -8.01%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.90% of the stock is owned by insiders.

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.