Shares are trading at $19.86 which is just over the 50 day moving average which is $18.29 and which is significantly higher than the 200 day moving average of $17.45. The 50 day moving average was up $1.57 and the 200 day average was up $2.41. 1,407K shares changed hands on Tuesday. Shares saw a steep decrease in trading volume of 50.11% under the normal average daily volume.
Traders are feeling more bullish on shares of the company of late as evidenced by the motion in short interest. The company saw a fall in short interest between September 15, 2017 and September 29, 2017 of -19.34%. Short shares fell from 3,430,735 to 2,767,266 over that period. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.01% as of September 29.
These funds have shifted positions in (RDN). As of the end of the quarter Crestpoint Capital Management, LLC had acquired 12,400 shares growing its stake by 45.3%. The value of the investment in (RDN) went from $448,000 to $744,000 increasing 66.1% since the last quarter. As of quarter end Meeder Asset Management Inc had bought a total of 1,252 shares growing its holdings by 41.9%. The value of the investment in RDN increased from $49,000 to $79,000 a change of 61.2% quarter over quarter.
Capital One, National Association downsized its stake by selling 282 shares a decrease of 1.0% from 06/30/2017 to 09/30/2017. Capital One, National Association now holds 27,180 shares with a value of $508,000. The total value of its holdings increased 13.1%. Bowling Portfolio Management LLC trimmed its ownership by shedding 134 shares a decrease of 0.1% as of 09/30/2017. Bowling Portfolio Management LLC currently owns 94,417 shares worth $1,765,000. The value of the position overall is up by 14.2%.
On August 2 Barclays held the company rating at “Outperform” but raised the price expectation from $21.00 to $24.00.
In the market the company is trading down from yesterday’s close of 20.29. Additionally the company declared a dividend for shareholders payable on Friday December 8th, 2017. The dividend payment will be $0.003 per share for the quarter or $0.01 on an annualized basis. This dividend represents a yield of $0.05 which is the dividend as a percentage of the current share price. The ex-dividend date has been established as Thursday the 17th of August 2017.
Radian Group Inc. currently has a P/E ratio of 22.80 and the market cap is 4.28B. In the last earnings report the EPS was $0.87 and is expected to be $1.72 for the current year with 215,263,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.44 with next year’s EPS projected to be $1.93.
Radian Group Inc., launched on December 6, 1991, is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two business segments: Mortgage Insurance and Services. The Business’s customers include mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks..