Dark Forest Capital Management LP Has $327,000 Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Dark Forest Capital Management LP lessened its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 64.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,488 shares of the basic materials company’s stock after selling 39,725 shares during the quarter. Dark Forest Capital Management LP owned 0.08% of Radius Recycling worth $327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Radius Recycling during the 4th quarter valued at $140,000. Y Intercept Hong Kong Ltd purchased a new position in Radius Recycling in the fourth quarter valued at about $160,000. Trium Capital LLP increased its position in Radius Recycling by 41.8% in the 4th quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 3,925 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Radius Recycling during the 4th quarter worth about $236,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Radius Recycling during the 4th quarter valued at about $238,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Radius Recycling in a report on Saturday. They issued a “sell” rating on the stock.

Radius Recycling Stock Up 0.2 %

RDUS stock opened at $29.24 on Monday. The firm has a market cap of $824.63 million, a PE ratio of -2.92 and a beta of 1.07. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $29.29. The company has a fifty day simple moving average of $23.68 and a 200 day simple moving average of $18.63. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to analysts’ expectations of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Sell-side analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be given a dividend of $0.1875 per share. The ex-dividend date is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a yield of 2.56%. Radius Recycling’s payout ratio is currently -7.52%.

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.