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

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of Ready Capital by 822.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,177 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 4,616 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Ready Capital by 3,075.0% during the fourth 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 during the period. Avion Wealth acquired a new stake in shares of Ready Capital during the fourth quarter worth $47,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Ready Capital during the fourth quarter worth $68,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Ready Capital in the 4th quarter worth about $69,000. 55.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Adam Zausmer bought 10,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was 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 directly owns 301,105 shares in the company, valued at $1,631,989.10. This represents a 3.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

RC has been the topic of a number of analyst reports. Citizens Jmp cut shares of Ready Capital from an "outperform" rating to a "market perform" rating in a report on Monday, March 3rd. UBS Group dropped their price objective on shares of Ready Capital from $5.00 to $4.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Wedbush reaffirmed a "neutral" rating and issued a $6.00 price objective (down previously from $8.00) on shares of Ready Capital in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ready Capital from $4.00 to $3.75 and set an "underperform" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Ready Capital currently has an average rating of "Hold" and an average target price of $7.00.

Ready Capital Price Performance

Ready Capital stock traded up $0.12 during trading hours on Friday, hitting $4.53. 2,187,858 shares of the company traded hands, compared to its average volume of 2,085,534. The firm has a market cap of $771.54 million, a P/E ratio of -6.46 and a beta of 1.45. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm's 50-day simple moving average is $4.65 and its two-hundred day simple moving average is $6.09. Ready Capital Co. has a 1-year low of $3.93 and a 1-year high of $9.54.

Ready Capital (NYSE:RC - Get Free Report) last released its 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). The company had revenue of $40.24 million for the quarter, compared to analyst estimates of $212.33 million. Ready Capital had a negative net margin of 11.65% and a positive return on equity of 7.53%. As a group, analysts forecast that Ready Capital Co. will post 0.93 earnings per share for the current fiscal year.

Ready Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.125 per share. The ex-dividend date was Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 11.05%. Ready Capital's dividend payout ratio (DPR) is -28.74%.

Ready Capital Company Profile

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.