Insider Selling: Radius Recycling, Inc. (NASDAQ:RDUS) SVP Sells 1,379 Shares of Stock

Radius Recycling, Inc. (NASDAQ:RDUS) SVP James Matthew Vaughn sold 1,379 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $16.63, for a total value of $22,932.77. Following the transaction, the senior vice president now owns 15,028 shares of the company’s stock, valued at approximately $249,915.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Radius Recycling Stock Performance

Shares of RDUS stock traded up $2.86 on Wednesday, hitting $19.83. 247,259 shares of the stock traded hands, compared to its average volume of 220,755. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. The company has a market capitalization of $556.03 million, a PE ratio of -2.08 and a beta of 1.55. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70. The company’s fifty day moving average is $16.92 and its 200 day moving average is $16.60.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results 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. The business had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. On average, equities research analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.78%. The ex-dividend date is Tuesday, November 12th. Radius Recycling’s dividend payout ratio is presently -8.01%.

Institutional Investors Weigh In On Radius Recycling

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new stake in Radius Recycling in the first quarter worth $3,959,000. Russell Investments Group Ltd. acquired a new stake in Radius Recycling in the first quarter worth $3,884,000. Swedbank AB acquired a new stake in Radius Recycling in the first quarter worth $1,437,000. Lesa Sroufe & Co acquired a new stake in Radius Recycling in the first quarter worth $1,321,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Radius Recycling in the first quarter worth $649,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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