Wiley BROS. Aintree Capital LLC Has $1.45 Million Position in Ready Capital Co. (NYSE:RC)

Wiley BROS. Aintree Capital LLC lifted its holdings in Ready Capital Co. (NYSE:RC) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,170 shares of the real estate investment trust’s stock after buying an additional 11,200 shares during the period. Ready Capital comprises approximately 0.6% of Wiley BROS. Aintree Capital LLC’s portfolio, making the stock its 28th biggest position. Wiley BROS. Aintree Capital LLC owned about 0.12% of Ready Capital worth $1,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SkyView Investment Advisors LLC purchased a new stake in Ready Capital in the 1st quarter worth approximately $428,000. Advisory Services Network LLC increased its holdings in Ready Capital by 71.8% in the first quarter. Advisory Services Network LLC now owns 88,922 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 37,171 shares during the last quarter. Colony Group LLC raised its position in Ready Capital by 14.1% during the first quarter. Colony Group LLC now owns 122,711 shares of the real estate investment trust’s stock valued at $1,248,000 after acquiring an additional 15,145 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Ready Capital by 65.9% in the first quarter. Squarepoint Ops LLC now owns 27,300 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 10,843 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Ready Capital by 13.4% in the first quarter. First Trust Advisors LP now owns 642,053 shares of the real estate investment trust’s stock worth $6,530,000 after acquiring an additional 75,869 shares in the last quarter. Hedge funds and other institutional investors own 52.07% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Thomas E. Capasse sold 26,623 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $10.70, for a total transaction of $284,866.10. Following the transaction, the chief executive officer now owns 309,925 shares of the company’s stock, valued at $3,316,197.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Ready Capital in a research note on Thursday, August 17th. They issued a “hold” rating for the company. JMP Securities reduced their price target on Ready Capital from $15.00 to $14.00 in a research report on Tuesday, August 8th. B. Riley reissued a “buy” rating and set a $13.00 price objective on shares of Ready Capital in a report on Monday, August 28th. Finally, Raymond James reduced their target price on Ready Capital from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.71.

Ready Capital Stock Performance

Shares of NYSE RC traded up $0.25 during trading hours on Thursday, hitting $11.01. 288,081 shares of the company’s stock were exchanged, compared to its average volume of 1,377,838. The company’s 50-day moving average price is $11.08 and its 200-day moving average price is $10.71. Ready Capital Co. has a 1-year low of $9.36 and a 1-year high of $13.74. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 4.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.63 and a quick ratio of 1.63.

Ready Capital Profile

Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments.