Nia Impact Advisors LLC Buys 16,940 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Nia Impact Advisors LLC raised its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,870 shares of the basic materials company’s stock after acquiring an additional 16,940 shares during the period. Nia Impact Advisors LLC owned about 0.47% of Radius Recycling worth $2,007,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RDUS. Ameriprise Financial Inc. grew its position in Radius Recycling by 17.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company’s stock valued at $38,039,000 after acquiring an additional 377,212 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Radius Recycling in the fourth quarter valued at $4,199,000. Icon Advisers Inc. Co. grew its position in Radius Recycling by 115.9% in the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company’s stock valued at $4,338,000 after acquiring an additional 153,000 shares during the period. Cubist Systematic Strategies LLC grew its position in Radius Recycling by 447.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 157,929 shares of the basic materials company’s stock valued at $2,404,000 after acquiring an additional 129,086 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in Radius Recycling in the fourth quarter valued at $1,964,000. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Price Performance

Radius Recycling stock opened at $29.51 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. The firm has a market cap of $832.24 million, a P/E ratio of -2.95 and a beta of 1.04. The business’s fifty day moving average is $27.51 and its two-hundred day moving average is $19.63. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.59.

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

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling’s payout ratio is -7.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Radius Recycling in a research note on Monday. They issued a “sell” rating on the stock.

Radius Recycling 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.