286,376 Shares in Ready Capital Co. (NYSE:RC) Acquired by Jump Financial LLC

Jump Financial LLC acquired a new position in shares of Ready Capital Co. (NYSE:RC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 286,376 shares of the real estate investment trust's stock, valued at approximately $1,953,000. Jump Financial LLC owned about 0.17% of Ready Capital as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Ready Capital by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 11,366,828 shares of the real estate investment trust's stock worth $77,522,000 after acquiring an additional 768,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ready Capital by 21.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,266,585 shares of the real estate investment trust's stock worth $15,458,000 after buying an additional 398,005 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in shares of Ready Capital during the fourth quarter worth $2,480,000. Barclays PLC boosted its holdings in shares of Ready Capital by 205.9% during the 3rd quarter. Barclays PLC now owns 484,986 shares of the real estate investment trust's stock valued at $3,699,000 after acquiring an additional 326,467 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Ready Capital by 74.1% during the 4th quarter. Advisors Asset Management Inc. now owns 695,357 shares of the real estate investment trust's stock valued at $4,742,000 after acquiring an additional 295,956 shares in the last quarter. 55.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Thomas E. Capasse acquired 10,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $4.80 per share, for a total transaction of $48,000.00. Following the purchase, the chief executive officer now directly owns 319,925 shares of the company's stock, valued at $1,535,640. The trade was a 3.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is owned by company insiders.

Ready Capital Trading Down 0.2 %

Shares of RC traded down $0.01 during trading hours on Monday, hitting $4.38. 2,661,039 shares of the stock were exchanged, compared to its average volume of 1,989,300. The firm has a market capitalization of $752.61 million, a P/E ratio of -6.26 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.67. Ready Capital Co. has a fifty-two week low of $4.16 and a fifty-two week high of $9.54. The business has a 50-day moving average of $5.32 and a 200-day moving average of $6.44.

Ready Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 11.42%. The ex-dividend date of this dividend is Monday, March 31st. Ready Capital's dividend payout ratio (DPR) is presently -18.94%.

Analyst Ratings Changes

RC has been the subject of several research reports. Citizens Jmp downgraded Ready Capital from an "outperform" rating to a "market perform" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on Ready Capital from $6.25 to $4.00 and set an "underperform" rating for the company in a research note on Wednesday, March 5th. Wedbush reissued a "neutral" rating and set a $6.00 target price (down from $8.00) on shares of Ready Capital in a report on Tuesday, March 4th. UBS Group dropped their price target on shares of Ready Capital from $5.00 to $4.75 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, B. Riley reiterated a "neutral" rating and set a $10.00 price target (down previously from $12.00) on shares of Ready Capital in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.04.

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.