James Matthew Vaughn Sells 1,379 Shares of Radius Recycling, Inc. (NASDAQ:RDUS) Stock

Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn sold 1,379 shares of Radius Recycling stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $16.63, for a total value of $22,932.77. Following the completion of the transaction, the senior vice president now owns 15,028 shares in the company, valued at $249,915.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Radius Recycling Trading Up 20.7 %

Shares of RDUS stock opened at $20.49 on Thursday. The firm has a market capitalization of $574.54 million, a P/E ratio of -2.19 and a beta of 1.55. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $17.03 and its 200 day simple moving average is $16.62. Radius Recycling, Inc. has a 1 year low of $12.69 and a 1 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, beating analysts’ consensus estimates of ($0.59) by $0.18. The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, November 12th. Radius Recycling’s dividend payout ratio is -8.01%.

Hedge Funds Weigh In On Radius Recycling

Several hedge funds have recently added to or reduced their stakes in RDUS. Founders Capital Management raised its holdings in Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 600 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Radius Recycling during the second quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Radius Recycling in the second quarter valued at approximately $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Radius Recycling in the first quarter valued at approximately $51,000. Finally, Ameritas Investment Partners Inc. bought a new position in Radius Recycling in the first quarter valued at approximately $54,000. Institutional investors own 78.11% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

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.