Radius Recycling, Inc. (NASDAQ:RDUS) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE boosted its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,801 shares of the basic materials company's stock after acquiring an additional 11,191 shares during the period. Bank of America Corp DE owned 0.29% of Radius Recycling worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDUS. SG Americas Securities LLC purchased a new stake in Radius Recycling in the 4th quarter valued at approximately $140,000. Empowered Funds LLC raised its position in Radius Recycling by 5.1% in the fourth quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company's stock worth $2,030,000 after acquiring an additional 6,472 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Radius Recycling in the fourth quarter valued at $160,000. Proficio Capital Partners LLC acquired a new stake in Radius Recycling in the fourth quarter valued at $1,342,000. Finally, Versor Investments LP purchased a new stake in shares of Radius Recycling during the 4th quarter worth $236,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of Radius Recycling in a research note on Tuesday, May 20th. They issued a "sell" rating for the company.

Radius Recycling Price Performance

Shares of Radius Recycling stock traded down $0.02 during trading on Monday, hitting $29.60. 574,322 shares of the company were exchanged, compared to its average volume of 449,540. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.72. The stock has a market capitalization of $834.78 million, a price-to-earnings ratio of -2.95 and a beta of 1.02. The firm has a 50 day moving average price of $29.28 and a 200 day moving average price of $21.07.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released 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%. On average, equities analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, April 21st. Radius Recycling's payout ratio is -7.52%.

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.