Radius Recycling, Inc. (NASDAQ:RDUS) CFO Sells $18,959.97 in Stock

Radius Recycling, Inc. (NASDAQ:RDUS) CFO Stefano R. Gaggini sold 1,021 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $18.57, for a total value of $18,959.97. Following the completion of the transaction, the chief financial officer now directly owns 76,255 shares in the company, valued at approximately $1,416,055.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Radius Recycling Price Performance

Shares of Radius Recycling stock traded down $0.54 during trading on Tuesday, reaching $18.25. The company’s stock had a trading volume of 226,874 shares, compared to its average volume of 221,826. The business has a 50 day moving average price of $19.13 and a 200-day moving average price of $23.68. The company has a market capitalization of $510.64 million, a P/E ratio of -8.24 and a beta of 1.64. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. Radius Recycling, Inc. has a 12-month low of $16.84 and a 12-month high of $36.64.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.05. Radius Recycling had a negative net margin of 2.28% and a negative return on equity of 1.73%. The business had revenue of $621.06 million for the quarter, compared to analysts’ expectations of $626.35 million. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 17.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Radius Recycling, Inc. will post -3.53 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Monday, April 22nd were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Friday, April 19th. Radius Recycling’s dividend payout ratio (DPR) is -32.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in shares of Radius Recycling in the first quarter worth $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Radius Recycling during the first quarter valued at approximately $51,000. Unison Advisors LLC acquired a new stake in Radius Recycling during the first quarter worth approximately $226,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Radius Recycling in the 1st quarter worth approximately $236,000. Finally, Susquehanna Portfolio Strategies LLC purchased a new stake in Radius Recycling in the 1st quarter worth approximately $324,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Seaport Res Ptn cut shares of Radius Recycling from a “neutral” rating to a “sell” rating in a report on Wednesday, February 28th.

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.