E. Ohman J or Asset Management AB Acquires 22,700 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

E. Ohman J or Asset Management AB lifted its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,650 shares of the basic materials company’s stock after purchasing an additional 22,700 shares during the period. E. Ohman J or Asset Management AB owned 0.35% of Radius Recycling worth $1,501,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Radius Recycling during the 3rd quarter worth approximately $32,000. Point72 DIFC Ltd acquired a new position in shares of Radius Recycling during the 3rd quarter valued at $46,000. Signaturefd LLC boosted its stake in Radius Recycling by 403.9% during the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 3,280 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Radius Recycling by 172.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 3,394 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Radius Recycling during the fourth quarter valued at about $140,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Radius Recycling Price Performance

Shares of NASDAQ RDUS opened at $12.11 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $15.16 and a 200-day moving average price of $16.29. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $25.51.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). The company had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. Radius Recycling’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.64) EPS. On average, sell-side analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Monday, February 3rd. Radius Recycling’s dividend payout ratio (DPR) is presently -7.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RDUS. StockNews.com cut shares of Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. The Goldman Sachs Group initiated coverage on Radius Recycling in a research note on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective for the company.

Radius Recycling Company 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.