ClearAlpha Technologies LP Purchases New Stake in Rithm Capital Corp. (NYSE:RITM)

ClearAlpha Technologies LP acquired a new stake in Rithm Capital Corp. (NYSE:RITM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,525 shares of the real estate investment trust's stock, valued at approximately $504,000. Rithm Capital makes up 0.3% of ClearAlpha Technologies LP's portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of RITM. Stifel Financial Corp grew its position in Rithm Capital by 8.5% in the 4th quarter. Stifel Financial Corp now owns 733,417 shares of the real estate investment trust's stock valued at $7,943,000 after acquiring an additional 57,499 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Rithm Capital by 130.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 38,902 shares of the real estate investment trust's stock valued at $421,000 after purchasing an additional 22,010 shares during the last quarter. Natixis increased its stake in Rithm Capital by 262.7% during the 4th quarter. Natixis now owns 213,684 shares of the real estate investment trust's stock valued at $2,314,000 after purchasing an additional 154,777 shares in the last quarter. First Trust Advisors LP lifted its position in Rithm Capital by 78.3% during the 4th quarter. First Trust Advisors LP now owns 3,304,999 shares of the real estate investment trust's stock worth $35,793,000 after acquiring an additional 1,451,829 shares during the period. Finally, Alpha DNA Investment Management LLC boosted its position in Rithm Capital by 7.2% in the fourth quarter. Alpha DNA Investment Management LLC now owns 37,188 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 2,484 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Price Performance

Rithm Capital stock traded up $0.14 during mid-day trading on Friday, reaching $10.54. The company had a trading volume of 5,070,826 shares, compared to its average volume of 3,906,688. The stock's 50-day simple moving average is $11.14 and its 200-day simple moving average is $11.08. The company has a market capitalization of $5.59 billion, a P/E ratio of 6.31 and a beta of 1.36. Rithm Capital Corp. has a 1 year low of $9.13 and a 1 year high of $12.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. The company had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. During the same period in the prior year, the firm earned $0.48 EPS. On average, equities analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.49%. Rithm Capital's dividend payout ratio is currently 59.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RITM shares. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Wedbush reiterated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Friday, March 28th. JMP Securities reissued a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. BTIG Research restated a "buy" rating on shares of Rithm Capital in a report on Friday. Finally, UBS Group reduced their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.21.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.