Susquehanna Fundamental Investments LLC Buys Shares of 49,257 Radius Recycling, Inc. (NASDAQ:RDUS)

Susquehanna Fundamental Investments LLC purchased a new position in Radius Recycling, Inc. (NASDAQ:RDUS) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 49,257 shares of the basic materials company’s stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC lifted its position in shares of Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock worth $1,081,000 after purchasing an additional 35,568 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Radius Recycling by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock valued at $1,537,000 after buying an additional 33,298 shares in the last quarter. Trium Capital LLP boosted its position in Radius Recycling by 41.8% in the 4th quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company’s stock valued at $203,000 after buying an additional 3,925 shares during the period. Perpetual Ltd grew its stake in Radius Recycling by 9.2% in 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Radius Recycling during the fourth quarter worth approximately $140,000. 78.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Radius Recycling in a research note on Saturday, April 26th. They issued a “sell” rating on the stock.

Radius Recycling Stock Performance

RDUS stock opened at $29.43 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The company has a market capitalization of $829.98 million, a P/E ratio of -2.94 and a beta of 1.07. The business has a 50-day moving average price of $25.30 and a 200 day moving average price of $19.02. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $29.47.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. As a group, equities research analysts forecast that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 21st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, April 21st. Radius Recycling’s payout ratio is currently -7.52%.

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.