Radius Recycling, Inc. (NASDAQ:RDUS) Position Boosted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,950 shares of the basic materials company’s stock after acquiring an additional 6,000 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.27% of Radius Recycling worth $1,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Radius Recycling by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,622,968 shares of the basic materials company’s stock valued at $55,423,000 after buying an additional 23,199 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Radius Recycling by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company’s stock valued at $8,623,000 after buying an additional 16,162 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Radius Recycling by 4.7% in the 2nd quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock valued at $5,267,000 after buying an additional 15,644 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Radius Recycling in the 1st quarter valued at approximately $4,667,000. Finally, Nordea Investment Management AB bought a new stake in shares of Radius Recycling in the 1st quarter valued at approximately $3,959,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Radius Recycling Stock Down 2.4 %

RDUS opened at $15.94 on Friday. The business has a 50 day moving average price of $16.64 and a 200 day moving average price of $16.70. Radius Recycling, Inc. has a twelve month low of $12.69 and a twelve month high of $31.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The firm has a market cap of $446.96 million, a P/E ratio of -1.64 and a beta of 1.53.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm had revenue of $771.00 million during the quarter, compared to analyst estimates of $680.80 million. During the same period in the previous year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Radius Recycling, Inc. will post -3.06 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.1875 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 4.71%. Radius Recycling’s dividend payout ratio (DPR) is currently -7.72%.

Analyst Ratings Changes

Separately, StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th.

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.