Radius Recycling, Inc. (NASDAQ:RDUS) SVP Steven Heiskell Sells 17,675 Shares

Radius Recycling, Inc. (NASDAQ:RDUS) SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now directly owns 133,780 shares of the company’s stock, valued at $2,284,962.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Radius Recycling Stock Performance

Shares of Radius Recycling stock opened at $16.19 on Friday. The company’s fifty day moving average price is $16.79 and its two-hundred day moving average price is $16.65. Radius Recycling, Inc. has a 52-week low of $12.69 and a 52-week high of $31.70. 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 (NASDAQ:RDUS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.18. The company had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. Analysts anticipate that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s dividend payout ratio is presently -8.01%.

Hedge Funds Weigh In On Radius Recycling

A number of large investors have recently modified their holdings of the stock. Ballentine Partners LLC acquired a new position in shares of Radius Recycling during the third quarter worth approximately $363,000. E. Ohman J or Asset Management AB lifted its position in shares of Radius Recycling by 8.6% during the third quarter. E. Ohman J or Asset Management AB now owns 75,950 shares of the basic materials company’s stock worth $1,408,000 after purchasing an additional 6,000 shares in the last quarter. Signaturefd LLC lifted its holdings in Radius Recycling by 403.9% in the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock valued at $76,000 after buying an additional 3,280 shares during the period. Creative Planning lifted its holdings in Radius Recycling by 70.5% in the third quarter. Creative Planning now owns 38,413 shares of the basic materials company’s stock valued at $712,000 after buying an additional 15,886 shares during the period. Finally, Green Alpha Advisors LLC lifted its holdings in Radius Recycling by 2.1% in the third quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock valued at $820,000 after buying an additional 925 shares during the period. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Radius Recycling from a “hold” rating to a “sell” rating in a research report on Monday.

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.