Ready Capital Corp (NYSE: RC) is -26.15% lower on its value in year-to-date trading and has touched a low of $6.65 and a high of $11.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RC stock was last observed hovering at around $7.37 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $7.57, the stock is 5.20% and 4.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 2.71% at the moment leaves the stock -8.37% off its SMA200. RC registered -25.93% loss for a year compared to 6-month loss of -10.20%. The firm has a 50-day simple moving average (SMA 50) of $7.2378 and a 200-day simple moving average (SMA200) of $8.26975.
The stock witnessed a 10.51% gain in the last 1 month and extending the period to 3 months gives it a -7.34%, and is 2.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 2.61% over the month.
Fwd P/E is 7.11. Profit margin for the company is -12.24%. Distance from 52-week low is 13.83% and -35.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.48%).
The EPS is expected to shrink by -43.43% this year.
Ready Capital Corp (RC) Top Institutional Holders
341.0 institutions hold shares in Ready Capital Corp (RC), with institutional investors hold 62.02% of the company’s shares. The shares outstanding are 168.53M, and float is at 166.89M with Short Float at 11.96%. Institutions hold 61.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 26.65 million shares valued at $217.99 million. The investor’s holdings represent 15.4904% of the RC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.76 million shares valued at $87.98 million to account for 6.2521 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.03 million shares representing 3.504% and valued at over $51.09 million, while WATERFALL ASSET MANAGEMENT, LLC holds 2.2722 of the shares totaling 3.91 million with a market value of $31.98 million.
Ready Capital Corp (RC) Insider Activity
The most recent transaction is an insider purchase by NATHAN GILBERT E, the company’s Director. SEC filings show that NATHAN GILBERT E bought 10,000 shares of the company’s common stock on May 24 ’24 at a price of $8.29 per share for a total of $82860.0. Following the purchase, the insider now owns 95249.0 shares.
Ready Capital Corp disclosed in a document filed with the SEC on Mar 22 ’24 that NATHAN GILBERT E (Director) bought a total of 7,000 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $9.12 per share for $63832.0. Following the transaction, the insider now directly holds 7000.0 shares of the RC stock.
Still, SEC filings show that on Mar 22 ’24, NATHAN GILBERT E (Director) acquired 2,150 shares at an average price of $9.13 for $19629.0. The insider now directly holds 85,249 shares of Ready Capital Corp (RC).
