There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Ready Capital Corporation (RC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.36%, to $11.00. The Ready Capital Corporation has recorded 32,944 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ready Capital Corporation Declares Third Quarter 2023 Dividends.
As a NYSE listed company, RC falls under the Real Estate sector while operating within the REIT – Mortgage industry segment. At the end of the last regular session, the stock closed at $10.96 and fluctuated between $11.10 as its day high and $10.93 as its day low. The current market capitalization of Ready Capital Corporation is $1.90B. A total of 1.13 million shares were traded on the day, compared to an average of 1.16M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RC has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 26,623 and the disposition of 53,246 shares. Over the last 12 months, there were 18 BUYs and 8 SELLs from insiders. Insiders purchased 208,894 shares during that period but sold 72,923.
In the most recent transaction, Capasse Thomas E sold 26,623 shares of RC for 10.70 per share on Aug 15. After the transaction, the CEO and CIO now owns 0 company shares. In a previous transaction on Mar 08, NATHAN GILBERT E bought 3,841 shares at 11.05 per share. RC shares that Director owns now total 60,406.
Among the insiders who bought shares, NATHAN GILBERT E acquired of 5,000 shares on Mar 07 at a per-share price of $10.95. This resulted in the Director holding 56,565 shares of RC after the transaction. In another insider transaction, Mielle Dominique bought 7,500 shares at $14.15 per share on Mar 03. Company shares held by the Director now total 35,988.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ready Capital Corporation pays an annual dividend of $1.04, resulting in a dividend yield of 9.49%, and it has a price to earnings (P/E) ratio of 4.19. RC’s most recent ex-dividend date was 6/29/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 7/31/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/26/2023. The RC stock dividend was $0.14 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RC in the last 3 months, the mean price target is $12.56 with high estimates of $14.50 and low estimates of $10.50. In terms of 52-week highs and lows, RC has a high of $13.57 and a low of $9.24.
As of this writing, RC has an earnings estimate of $0.37 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.31. The company reported an EPS of $0.3 in the last quarter, which was -26.80% lower than expectations of $0.41.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $18.93, while its Total Shareholder’s Equity was $1.28B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RC is Buy with a score of 4.00.