22,566 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Bought by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new stake in Radius Recycling, Inc. (NASDAQ:RDUS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,566 shares of the basic materials company’s stock, valued at approximately $345,000. Moody National Bank Trust Division owned 0.08% of Radius Recycling at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Fisher Asset Management LLC acquired a new position in shares of Radius Recycling in the 4th quarter valued at approximately $4,488,000. Green Alpha Advisors LLC bought a new stake in shares of Radius Recycling during the first quarter worth $967,000. Unison Advisors LLC acquired a new stake in shares of Radius Recycling during the first quarter worth $226,000. Allspring Global Investments Holdings LLC bought a new stake in Radius Recycling in the 1st quarter valued at $367,000. Finally, Millburn Ridgefield Corp acquired a new position in Radius Recycling in the 1st quarter worth $33,000. 78.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RDUS shares. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Seaport Res Ptn upgraded Radius Recycling from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 30th.

Radius Recycling Stock Up 0.9 %

Radius Recycling stock traded up $0.13 during mid-day trading on Tuesday, reaching $14.64. The company’s stock had a trading volume of 188,970 shares, compared to its average volume of 240,755. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month high of $33.92. The business’s 50 day simple moving average is $16.22 and its 200 day simple moving average is $19.22. The company has a market capitalization of $410.51 million, a price-to-earnings ratio of -1.49 and a beta of 1.56.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings data on Tuesday, July 2nd. The basic materials company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.07. The company had revenue of $673.92 million during the quarter, compared to the consensus estimate of $693.90 million. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. During the same period in the prior year, the business posted $0.67 EPS. The company’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, research analysts anticipate that Radius Recycling, Inc. will post -3.06 earnings per share for the current year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Monday, July 22nd were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Monday, July 22nd. Radius Recycling’s dividend payout ratio is currently -7.72%.

About Radius Recycling

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.