Jacobs Levy Equity Management Inc. purchased a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 220,848 shares of the basic materials company’s stock, valued at approximately $4,667,000. Jacobs Levy Equity Management Inc. owned 0.79% of Radius Recycling at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in RDUS. Fisher Asset Management LLC bought a new stake in shares of Radius Recycling in the fourth quarter valued at $4,488,000. Green Alpha Advisors LLC bought a new stake in shares of Radius Recycling in the first quarter valued at $967,000. Unison Advisors LLC bought a new stake in shares of Radius Recycling in the first quarter valued at $226,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Radius Recycling in the first quarter valued at $367,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Radius Recycling in the first quarter valued at $33,000. 78.11% of the stock is currently owned by institutional investors.
Radius Recycling Stock Performance
Shares of NASDAQ RDUS traded up $0.09 during mid-day trading on Wednesday, hitting $18.33. The company had a trading volume of 52,390 shares, compared to its average volume of 240,935. The company has a market capitalization of $513.97 million, a price-to-earnings ratio of -1.88 and a beta of 1.56. Radius Recycling, Inc. has a 1 year low of $12.69 and a 1 year high of $36.64. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average price is $16.27 and its 200-day moving average price is $19.42.
Radius Recycling Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 22nd will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.09%. The ex-dividend date is Monday, July 22nd. Radius Recycling’s dividend payout ratio (DPR) is currently -7.72%.
Wall Street Analyst Weigh In
Several analysts have issued reports on RDUS shares. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Seaport Res Ptn upgraded Radius Recycling from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 30th.
Check Out Our Latest Stock Analysis on RDUS
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.
Further Reading
- Five stocks we like better than Radius Recycling
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- Investing in Travel Stocks Benefits
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for Radius Recycling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radius Recycling and related companies with MarketBeat.com's FREE daily email newsletter.