Redhawk Wealth Advisors Inc. Boosts Position in Rithm Capital Corp. (NYSE:RITM)

Redhawk Wealth Advisors Inc. lifted its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 40.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,846 shares of the real estate investment trust's stock after buying an additional 22,031 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Rithm Capital were worth $868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP increased its position in Rithm Capital by 47.5% in the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,327 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Rithm Capital by 35.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,211 shares in the last quarter. Quent Capital LLC increased its position in Rithm Capital by 58.6% in the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,019 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Rithm Capital in the fourth quarter worth about $81,000. Finally, Versant Capital Management Inc bought a new position in shares of Rithm Capital in the 1st quarter worth $98,000. 44.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RITM shares. UBS Group reduced their target price on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. BTIG Research reissued a "buy" rating and issued a $16.00 price objective on shares of Rithm Capital in a research note on Friday, April 25th. Piper Sandler upgraded Rithm Capital from a "neutral" rating to an "overweight" rating and increased their target price for the company from $12.50 to $14.00 in a research report on Monday, April 28th. Jones Trading reissued a "buy" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research note on Monday, May 19th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rithm Capital presently has an average rating of "Buy" and an average price target of $13.56.

Rithm Capital Price Performance

NYSE RITM traded down $0.16 during trading on Friday, reaching $11.30. The company's stock had a trading volume of 1,897,992 shares, compared to its average volume of 4,064,879. The stock has a market capitalization of $5.99 billion, a PE ratio of 6.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The firm has a fifty day moving average of $10.92 and a 200 day moving average of $11.22. Rithm Capital Corp. has a one year low of $9.13 and a one year high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The business had revenue of $28.89 million during 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 previous year, the business posted $0.48 earnings per share. Analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend was Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is currently 83.33%.

Rithm Capital 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.