Orion Portfolio Solutions LLC Sells 2,416 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Orion Portfolio Solutions LLC lowered its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,338 shares of the basic materials company’s stock after selling 2,416 shares during the period. Orion Portfolio Solutions LLC’s holdings in Radius Recycling were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RDUS. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Radius Recycling by 78.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company’s stock valued at $1,483,000 after purchasing an additional 42,636 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Radius Recycling by 31.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,422 shares of the basic materials company’s stock worth $266,000 after acquiring an additional 4,145 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of Radius Recycling by 23.6% during the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 564 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Radius Recycling by 4.7% during the 2nd quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock worth $5,267,000 after acquiring an additional 15,644 shares during the period. Finally, Trium Capital LLP lifted its holdings in shares of Radius Recycling by 36,427.0% during the 2nd quarter. Trium Capital LLP now owns 13,515 shares of the basic materials company’s stock worth $206,000 after acquiring an additional 13,478 shares during the period. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Stock Performance

Shares of Radius Recycling stock opened at $17.30 on Wednesday. The company has a 50 day moving average of $18.38 and a 200-day moving average of $16.82. The company has a market cap of $485.07 million, a PE ratio of -1.85 and a beta of 1.59. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 9.73% and a negative return on equity of 9.83%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. As a group, equities research analysts forecast that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s dividend payout ratio is -8.01%.

Insider Buying and Selling

In related news, SVP Steven Heiskell sold 17,675 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total transaction of $301,889.00. Following the completion of the transaction, the senior vice president now directly owns 133,780 shares in the company, valued at $2,284,962.40. This represents a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RDUS. StockNews.com raised shares of Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of Radius Recycling in a report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price target 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.