Radius Recycling, Inc. (NASDAQ:RDUS) Shares Bought by Barclays PLC

Barclays PLC raised its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 156.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,337 shares of the basic materials company’s stock after purchasing an additional 35,568 shares during the quarter. Barclays PLC owned about 0.21% of Radius Recycling worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RDUS. Founders Capital Management grew its holdings in Radius Recycling by 50.0% during the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 600 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Radius Recycling by 1.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock worth $615,000 after purchasing an additional 610 shares during the last quarter. Green Alpha Advisors LLC raised its holdings in shares of Radius Recycling by 2.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 925 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 valued at $162,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Quarry LP bought a new stake in Radius Recycling during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Radius Recycling Trading Down 0.5 %

NASDAQ:RDUS opened at $11.35 on Wednesday. The firm has a market cap of $318.24 million, a price-to-earnings ratio of -1.21 and a beta of 1.64. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $27.70. The company’s 50 day moving average is $17.29 and its 200-day moving average is $16.70.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The company had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 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 down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.64) earnings per share. Equities analysts anticipate that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Monday, February 3rd. Radius Recycling’s payout ratio is -7.49%.

Insider Activity

In related news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the completion of the sale, the senior vice president now directly 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 at this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RDUS. The Goldman Sachs Group assumed coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective on the stock. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

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.