Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 50.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,800 shares of the basic materials company’s stock after selling 49,068 shares during the quarter. Victory Capital Management Inc. owned about 0.17% of Radius Recycling worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in RDUS. Millburn Ridgefield Corp bought a new position in Radius Recycling during the 1st quarter worth $33,000. Gladius Capital Management LP acquired a new position in shares of Radius Recycling during the second quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Radius Recycling during the first quarter worth about $51,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Radius Recycling in the 1st quarter worth about $54,000. Finally, Banque Cantonale Vaudoise lifted its position in Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Price Performance

Shares of RDUS opened at $17.11 on Friday. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $31.70. The stock’s fifty day moving average is $15.77 and its 200-day moving average is $16.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The firm has a market capitalization of $479.75 million, a price-to-earnings ratio of -1.76 and a beta of 1.52.

Radius Recycling (NASDAQ:RDUS) last released its earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.07. The firm had revenue of $673.92 million for the quarter, compared to analysts’ expectations of $693.90 million. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. Radius Recycling’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Equities analysts anticipate that Radius Recycling, Inc. will post -3.06 EPS for the current year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 22nd were given a $0.1875 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.75 dividend on an annualized basis and a yield of 4.38%. Radius Recycling’s dividend payout ratio (DPR) is -7.72%.

Analysts Set New Price Targets

Several research analysts have commented on RDUS shares. Seaport Res Ptn upgraded shares of Radius Recycling from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 30th. StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th.

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.