Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 839,885 shares of the basic materials company’s stock after selling 65,475 shares during the period. Segall Bryant & Hamill LLC’s holdings in Radius Recycling were worth $15,571,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Founders Capital Management raised its position in shares of Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after buying an additional 600 shares during the period. Gladius Capital Management LP acquired a new stake in Radius Recycling during the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Radius Recycling in the second quarter valued at $30,000. Ameritas Investment Partners Inc. purchased a new stake in Radius Recycling in the first quarter valued at $54,000. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Radius Recycling Price Performance

Shares of RDUS stock opened at $18.46 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. The firm’s 50 day moving average price is $17.82 and its 200-day moving average price is $16.69. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $31.70.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.18. The company had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, research analysts forecast that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s payout ratio is currently -8.01%.

Insider Activity at Radius Recycling

In other news, SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction 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 sale, the senior vice president now directly owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.70% of the stock is currently owned by company insiders.

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.