Ready Capital (NYSE:RC – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Ready Capital Stock Performance
NYSE RC opened at $8.75 on Tuesday. The company has a 50-day simple moving average of $8.75 and a two-hundred day simple moving average of $9.50. Ready Capital has a 12-month low of $8.25 and a 12-month high of $11.97. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 3.74 and a beta of 1.41. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.44.
Ready Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.20 annualized dividend and a yield of 13.72%. Ready Capital’s payout ratio is currently 51.28%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Ready Capital
Insiders Place Their Bets
In related news, Director Kevin M. Luebbers acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $8.43 per share, for a total transaction of $42,150.00. Following the completion of the transaction, the director now directly owns 119,925 shares in the company, valued at $1,010,967.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kevin M. Luebbers acquired 5,000 shares of Ready Capital stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $8.43 per share, for a total transaction of $42,150.00. Following the completion of the transaction, the director now owns 119,925 shares in the company, valued at $1,010,967.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gilbert E. Nathan bought 10,000 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $8.65 per share, for a total transaction of $86,500.00. Following the acquisition, the director now owns 83,099 shares of the company’s stock, valued at approximately $718,806.35. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,150 shares of company stock valued at $148,280. 0.95% of the stock is owned by insiders.
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.
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