GSA Capital Partners LLP Sells 12,004 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

GSA Capital Partners LLP lowered its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 37.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,133 shares of the basic materials company’s stock after selling 12,004 shares during the quarter. GSA Capital Partners LLP’s holdings in Radius Recycling were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RDUS. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Radius Recycling in the 1st quarter valued at $4,667,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Radius Recycling in the 2nd quarter valued at $1,213,000. Sei Investments Co. acquired a new stake in shares of Radius Recycling in the 1st quarter valued at $1,649,000. Swedbank AB acquired a new stake in shares of Radius Recycling in the 1st quarter valued at $1,437,000. Finally, Swiss National Bank acquired a new position in Radius Recycling during the 1st quarter worth about $1,082,000. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Stock Performance

Shares of NASDAQ:RDUS opened at $19.74 on Friday. 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 stock has a market capitalization of $553.51 million, a P/E ratio of -2.10 and a beta of 1.55. The business has a 50-day moving average price of $17.82 and a two-hundred day moving average price of $16.69. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The business 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 firm earned $0.47 EPS. Radius Recycling’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.80%. 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.

Insiders Place Their Bets

In related news, SVP Steven Heiskell sold 17,675 shares of the stock in a transaction 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 sale, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. This represents a 11.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

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.