Magnetar Financial LLC recently announced the acquisition of new stake in Radius Global Infrastructure Inc. (NASDAQ:RADI). This fresh investment now brings its stake to 5.77% valued currently at $80.72 million. In addition, The Vanguard Group, Inc. raised its holdings by 70356.0 to 4.16 million shares.
With over 1.25 million Radius Global Infrastructure Inc. (RADI) shares trading Tuesday and a closing price of $14.79 on the day, the dollar volume was approximately $18.5 million. The shares have shown a positive half year performance of 37.84% and its price on 05/23/23 gained nearly 0.20%. Currently, there are 95.82M common shares owned by the public and among those 69.36M shares have been available to trade.
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Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 275,106 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Radius Global Infrastructure Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Westwood Quality SmallCap Fund. Vanguard Total Stock Market ETF owns 2.37 million shares of the company’s stock, all valued at over $34.84 million. The company bought an additional 42676.0 shares recently to bring their total holdings to about 2.49% of the shares outstanding. iShares Russell 2000 ETF sold 23840.0 shares to see its total holdings shrink to 1.63 million shares valued at over $23.97 million and representing 1.71% of the shares outstanding. Westwood Quality SmallCap Fund now owns shares totaling to 1.66% of the shares outstanding.
Shares of Radius Global Infrastructure Inc. (NASDAQ: RADI) opened at $14.78, up $0.02 from a prior closing price of $14.76. However, the script later moved the day high at 14.80, up 0.20%. The company’s stock has a 5-day price change of 0.54% and 19.95% over the past three months. RADI shares are trading 25.13% year to date (YTD), with the 12-month market performance down to -4.83% lower. It has a 12-month low price of $7.97 and touched a high of $16.52 over the same period. RADI has an average intraday trading volume of 3.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.53%, 0.94%, and 15.88% respectively.
Institutional ownership of Radius Global Infrastructure Inc. (NASDAQ: RADI) shares accounts for 98.10% of the company’s 95.82M shares outstanding. Mutual fund holders own 24.36%, while other institutional holders and individual stakeholders account for 77.76% and 20.81% respectively.
It has a market capitalization of $1.45B. The earnings-per-share (ttm) stands at -$1.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.27% over the week and 0.30% over the month.
Analysts forecast that Radius Global Infrastructure Inc. (RADI) will achieve an EPS of -$0.31 for the current quarter, -$0.32 for the next quarter and -$1.27 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.34 while analysts give the company a high EPS estimate of -$0.28. Comparatively, EPS for the current quarter was -$0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 20.10%, and 14.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Radius Global Infrastructure Inc. (RADI) as a “Hold” at a consensus score of 3.20. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 1 rated it as a “Sell.”
