Graham Capital Management L.P. Purchases 6,675 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Graham Capital Management L.P. lifted its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 50.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,817 shares of the basic materials company’s stock after purchasing an additional 6,675 shares during the quarter. Graham Capital Management L.P.’s holdings in Radius Recycling were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RDUS. Barclays PLC boosted its stake in shares of Radius Recycling by 15.7% in the 4th quarter. Barclays PLC now owns 67,523 shares of the basic materials company’s stock valued at $1,027,000 after purchasing an additional 9,186 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Radius Recycling in the fourth quarter worth $1,342,000. E. Ohman J or Asset Management AB boosted its position in Radius Recycling by 29.9% during the fourth quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company’s stock valued at $1,501,000 after buying an additional 22,700 shares during the period. JPMorgan Chase & Co. boosted its position in Radius Recycling by 67.1% during the third 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 during the period. Finally, PEAK6 LLC bought a new position in Radius Recycling during the 4th quarter worth approximately $262,000. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Price Performance

Shares of Radius Recycling stock opened at $29.40 on Friday. The company’s fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $19.88. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $29.59. The firm has a market cap of $829.14 million, a PE ratio of -2.93 and a beta of 1.04. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75.

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

Radius Recycling Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Radius Recycling in a research report on Monday, May 12th. They issued a “sell” rating for the company.

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.