Graham Capital Management L.P. Has $817,000 Position in Ready Capital Co. (NYSE:RC)

Graham Capital Management L.P. boosted its position in Ready Capital Co. (NYSE:RC - Free Report) by 271.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,816 shares of the real estate investment trust's stock after buying an additional 87,523 shares during the period. Graham Capital Management L.P. owned approximately 0.07% of Ready Capital worth $817,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of Ready Capital by 822.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,177 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 4,616 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Ready Capital by 3,075.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,350 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 6,150 shares in the last quarter. Avion Wealth acquired a new position in shares of Ready Capital during the 4th quarter worth $47,000. Ausdal Financial Partners Inc. purchased a new position in shares of Ready Capital in the 4th quarter valued at about $68,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Ready Capital in the fourth quarter valued at about $69,000. 55.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Adam Zausmer bought 10,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $5.42 per share, for a total transaction of $54,200.00. Following the completion of the acquisition, the insider now owns 301,105 shares in the company, valued at approximately $1,631,989.10. This trade represents a 3.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Ready Capital Stock Performance

RC traded down $0.16 during trading hours on Monday, hitting $4.38. The company's stock had a trading volume of 375,034 shares, compared to its average volume of 2,084,426. Ready Capital Co. has a fifty-two week low of $3.93 and a fifty-two week high of $9.54. The company has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $6.08. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $745.97 million, a PE ratio of -6.25 and a beta of 1.45.

Ready Capital (NYSE:RC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.21). Ready Capital had a positive return on equity of 7.53% and a negative net margin of 11.65%. The company had revenue of $40.24 million for the quarter, compared to analyst estimates of $212.33 million. As a group, sell-side analysts expect that Ready Capital Co. will post 0.93 EPS for the current year.

Ready Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 11.43%. The ex-dividend date was Monday, March 31st. Ready Capital's dividend payout ratio (DPR) is -28.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Ready Capital from $5.00 to $4.75 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Wedbush restated a "neutral" rating and issued a $6.00 price objective (down from $8.00) on shares of Ready Capital in a research report on Tuesday, March 4th. Citizens Jmp lowered shares of Ready Capital from an "outperform" rating to a "market perform" rating in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Ready Capital from $4.00 to $3.75 and set an "underperform" rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.00.

About Ready Capital

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.