Quest Partners LLC Purchases 21,725 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Quest Partners LLC increased its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 2,836.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,491 shares of the basic materials company’s stock after purchasing an additional 21,725 shares during the quarter. Quest Partners LLC owned 0.08% of Radius Recycling worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of RDUS. Empowered Funds LLC boosted its holdings in Radius Recycling by 5.3% in the third quarter. Empowered Funds LLC now owns 126,884 shares of the basic materials company’s stock worth $2,352,000 after purchasing an additional 6,432 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Radius Recycling by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 52,200 shares of the basic materials company’s stock worth $968,000 after acquiring an additional 3,400 shares during the last quarter. Ballentine Partners LLC purchased a new position in Radius Recycling during the third quarter valued at $363,000. E. Ohman J or Asset Management AB lifted its position in shares of Radius Recycling by 8.6% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 75,950 shares of the basic materials company’s stock valued at $1,408,000 after buying an additional 6,000 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Radius Recycling by 403.9% in the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 3,280 shares during the period. Institutional investors own 78.11% of the company’s stock.

Insiders Place Their Bets

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

Radius Recycling Stock Up 2.4 %

Shares of NASDAQ:RDUS opened at $20.21 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. The business has a 50 day simple moving average of $17.98 and a two-hundred day simple moving average of $16.70. Radius Recycling, Inc. has a 1 year low of $12.69 and a 1 year high of $31.70. The firm has a market capitalization of $566.69 million, a PE ratio of -2.16 and a beta of 1.55.

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, beating analysts’ consensus estimates of ($0.59) by $0.18. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The firm had revenue of $771.00 million for the quarter, compared to the consensus estimate of $680.80 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s dividend payout ratio (DPR) is currently -8.01%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Radius Recycling 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.