Inceptionr LLC Buys 1,883 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Inceptionr LLC boosted its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,645 shares of the basic materials company’s stock after purchasing an additional 1,883 shares during the period. Inceptionr LLC’s holdings in Radius Recycling were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RDUS. Proficio Capital Partners LLC purchased a new position in Radius Recycling in the 4th quarter valued at approximately $1,342,000. Victory Capital Management Inc. grew its position in shares of Radius Recycling by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 55,850 shares of the basic materials company’s stock valued at $850,000 after purchasing an additional 3,650 shares in the last quarter. Versor Investments LP purchased a new position in shares of Radius Recycling in the fourth quarter valued at $236,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Radius Recycling during the 4th quarter valued at $160,000. Finally, Empowered Funds LLC lifted its holdings in Radius Recycling by 5.1% during the 4th quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company’s stock worth $2,030,000 after purchasing an additional 6,472 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Trading Down 1.1 %

Radius Recycling stock opened at $13.71 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $21.42. The stock has a market cap of $386.01 million, a P/E ratio of -1.37 and a beta of 1.67. The firm’s fifty day moving average price is $12.98 and its 200-day moving average price is $15.86.

Radius Recycling (NASDAQ:RDUS) last announced its 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 return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $656.54 million during the quarter, compared to the consensus estimate of $665.90 million. During the same quarter in the prior year, the company earned ($0.64) earnings per share. Radius Recycling’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group started coverage on Radius Recycling in a report on Monday, December 2nd. They set a “neutral” rating and a $22.00 target price for the company. StockNews.com cut shares of Radius Recycling from a “hold” rating to a “sell” rating in a research note 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.