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

Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn sold 1,379 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 15,028 shares in the company, valued at $249,915.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Radius Recycling Stock Performance

Shares of NASDAQ RDUS opened at $20.49 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $31.70. The business’s 50-day moving average price is $17.03 and its two-hundred day moving average price is $16.62. The company has a market capitalization of $574.54 million, a P/E ratio of -2.19 and a beta of 1.55.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.18. The business had revenue of $771.00 million during the quarter, compared to analysts’ expectations of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Analysts anticipate that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.75 annualized dividend and a dividend yield of 3.66%. Radius Recycling’s dividend payout ratio (DPR) is -8.01%.

Institutional Investors Weigh In On Radius Recycling

Several institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB bought a new position in Radius Recycling during the first quarter valued at about $3,959,000. Russell Investments Group Ltd. bought a new stake in Radius Recycling during the first quarter worth approximately $3,884,000. Swedbank AB acquired a new position in Radius Recycling during the first quarter valued at approximately $1,437,000. Lesa Sroufe & Co acquired a new position in Radius Recycling during the first quarter valued at approximately $1,321,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Radius Recycling in the first quarter valued at approximately $649,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Analysts Set New Price Targets

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

Radius Recycling Company 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.