Green Alpha Advisors LLC Has $1.17 Million Stock Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Green Alpha Advisors LLC lifted its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 15.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 40,630 shares of the basic materials company’s stock after purchasing an additional 5,539 shares during the quarter. Radius Recycling comprises about 1.3% of Green Alpha Advisors LLC’s holdings, making the stock its 21st biggest holding. Green Alpha Advisors LLC’s holdings in Radius Recycling were worth $1,173,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RDUS. Aquatic Capital Management LLC bought a new stake in Radius Recycling during the 4th quarter worth about $68,000. SG Americas Securities LLC acquired a new position in shares of Radius Recycling during the fourth quarter worth approximately $140,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Radius Recycling during the fourth quarter worth approximately $160,000. Quantinno Capital Management LP bought a new stake in shares of Radius Recycling during the fourth quarter valued at approximately $181,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Radius Recycling in the fourth quarter valued at approximately $207,000. 78.11% of the stock is owned by institutional investors.

Radius Recycling Trading Up 0.2%

RDUS stock opened at $29.59 on Friday. 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 twelve month low of $10.57 and a twelve month high of $29.69. The company has a market cap of $834.50 million, a P/E ratio of -2.95 and a beta of 1.04. The business has a fifty day moving average of $29.21 and a 200-day moving average of $20.65.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09. The firm had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. As a group, equities research analysts expect 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. Stockholders of record on Monday, April 21st were given 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 dividend payout ratio is -7.52%.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Radius Recycling in a research report on Tuesday, May 20th. They issued a “sell” rating for the company.

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.