New York State Common Retirement Fund Has $258,000 Position in Radius Recycling, Inc. (NASDAQ:RDUS)

New York State Common Retirement Fund cut its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,922 shares of the basic materials company’s stock after selling 1,700 shares during the period. New York State Common Retirement Fund’s holdings in Radius Recycling were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDUS. GAMMA Investing LLC grew its holdings in shares of Radius Recycling by 76.2% during the first quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 410 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Radius Recycling during the 4th quarter worth $68,000. Quantinno Capital Management LP acquired a new position in Radius Recycling in the fourth quarter valued at about $181,000. Nisa Investment Advisors LLC raised its position in shares of Radius Recycling by 3,956.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,139 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 6,963 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Radius Recycling during the 4th quarter worth approximately $207,000. 78.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Radius Recycling Stock Performance

Radius Recycling stock opened at $30.00 on Friday. The stock has a market capitalization of $846 million, a P/E ratio of -8.33 and a beta of 1.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.97 and a current ratio of 1.85. The stock has a 50-day simple moving average of $29.71 and a 200 day simple moving average of $24.09. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $30.04.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Tuesday, July 1st. The basic materials company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.87) by $0.48. The company had revenue of $726.99 million during the quarter, compared to the consensus estimate of $725.30 million. Radius Recycling had a negative net margin of 3.69% and a negative return on equity of 15.73%. During the same quarter in the prior year, the firm posted ($0.59) EPS. Analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, July 21st. Radius Recycling’s payout ratio is currently -20.83%.

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.