Victory Capital Management Inc. Has $968,000 Stock Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Victory Capital Management Inc. grew its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 7.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 52,200 shares of the basic materials company’s stock after purchasing an additional 3,400 shares during the quarter. Victory Capital Management Inc.’s holdings in Radius Recycling were worth $968,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RDUS. Gladius Capital Management LP acquired a new stake in Radius Recycling in the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Radius Recycling in the second quarter worth $30,000. Founders Capital Management raised its holdings in Radius Recycling by 50.0% in the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 600 shares during the period. Banque Cantonale Vaudoise raised its holdings in Radius Recycling by 23.6% in the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 564 shares during the period. Finally, Signaturefd LLC raised its holdings in Radius Recycling by 403.9% in the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 3,280 shares during the period. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Tuesday.

Insider Transactions at Radius Recycling

In related news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the transaction, the senior vice president now owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is owned by insiders.

Radius Recycling Trading Up 1.4 %

RDUS opened at $19.71 on Thursday. The firm’s fifty day moving average is $18.11 and its two-hundred day moving average is $16.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. Radius Recycling, Inc. has a twelve month low of $12.69 and a twelve month high of $31.70. The firm has a market cap of $552.67 million, a PE ratio of -2.08 and a beta of 1.55.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The company had revenue of $771.00 million during the quarter, compared to the consensus estimate of $680.80 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s dividend payout ratio is -8.01%.

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.