Y Intercept Hong Kong Ltd Makes New Investment in Radius Recycling, Inc. (NASDAQ:RDUS)

Y Intercept Hong Kong Ltd purchased a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,490 shares of the basic materials company’s stock, valued at approximately $160,000.

Several other hedge funds have also made changes to their positions in the business. Empowered Funds LLC increased its stake in Radius Recycling by 5.1% in the fourth quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company’s stock valued at $2,030,000 after purchasing an additional 6,472 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of Radius Recycling by 29.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company’s stock valued at $1,501,000 after acquiring an additional 22,700 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Radius Recycling during the 4th quarter valued at about $140,000. Perpetual Ltd lifted its holdings in shares of Radius Recycling by 9.2% during the 4th quarter. Perpetual Ltd now owns 131,905 shares of the basic materials company’s stock worth $2,008,000 after acquiring an additional 11,060 shares during the period. Finally, Trium Capital LLP boosted its position in shares of Radius Recycling by 41.8% in the fourth quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 3,925 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

Radius Recycling Stock Performance

NASDAQ RDUS opened at $13.72 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $21.42. The firm has a market capitalization of $386.29 million, a P/E ratio of -1.37 and a beta of 1.60. The business’s 50-day simple moving average is $13.08 and its 200-day simple moving average is $15.88.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The business had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. During the same period last year, the firm earned ($0.64) earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.1875 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 5.47%. Radius Recycling’s dividend payout ratio (DPR) is -7.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of Radius Recycling in a research report 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 report on Thursday, December 26th.

Radius Recycling Profile

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.