Nia Impact Advisors LLC Increases Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Nia Impact Advisors LLC increased its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,870 shares of the basic materials company's stock after purchasing an additional 16,940 shares during the period. Nia Impact Advisors LLC owned 0.47% of Radius Recycling worth $2,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Radius Recycling by 77.3% in the fourth quarter. Millennium Management LLC now owns 148,823 shares of the basic materials company's stock valued at $2,265,000 after purchasing an additional 64,902 shares during the period. Graham Capital Management L.P. increased its holdings in Radius Recycling by 50.8% in the fourth quarter. Graham Capital Management L.P. now owns 19,817 shares of the basic materials company's stock worth $302,000 after buying an additional 6,675 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Radius Recycling in the fourth quarter valued at approximately $378,000. Cubist Systematic Strategies LLC raised its stake in Radius Recycling by 447.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 157,929 shares of the basic materials company's stock worth $2,404,000 after acquiring an additional 129,086 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Radius Recycling in the fourth quarter worth about $336,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Radius Recycling in a research report on Monday, May 12th. They set a "sell" rating on the stock.

Radius Recycling Price Performance

RDUS stock traded up $0.07 during mid-day trading on Monday, hitting $29.47. 139,064 shares of the stock were exchanged, compared to its average volume of 728,526. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $29.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The business has a fifty day moving average price of $28.48 and a 200 day moving average price of $19.91. The stock has a market capitalization of $830.97 million, a price-to-earnings ratio of -2.94 and a beta of 1.04.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating 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, sell-side analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Monday, April 21st. Radius Recycling's dividend 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.