WINTON GROUP Ltd Invests $2.01 Million in Rithm Capital Corp. $RITM

WINTON GROUP Ltd acquired a new position in shares of Rithm Capital Corp. (NYSE:RITM) during the 4th quarter, Holdings Channel reports. The firm acquired 184,140 shares of the real estate investment trust’s stock, valued at approximately $2,007,000.

Several other institutional investors also recently modified their holdings of the company. Curi Capital LLC increased its stake in shares of Rithm Capital by 0.7% during the 2nd quarter. Curi Capital LLC now owns 120,262 shares of the real estate investment trust’s stock worth $1,358,000 after purchasing an additional 829 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Rithm Capital by 14.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 881 shares during the last quarter. City Holding Co. grew its stake in Rithm Capital by 35.1% in the 4th quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,000 shares during the last quarter. Westbourne Investment Advisors Inc. grew its stake in Rithm Capital by 1.8% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 55,500 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 1,000 shares during the last quarter. Finally, Fort Sheridan Advisors LLC grew its stake in Rithm Capital by 0.3% in the 4th quarter. Fort Sheridan Advisors LLC now owns 367,164 shares of the real estate investment trust’s stock valued at $4,002,000 after buying an additional 1,000 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rithm Capital

In other news, Director David Saltzman sold 80,922 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.25, for a total transaction of $748,528.50. Following the completion of the sale, the director owned 44,248 shares of the company’s stock, valued at approximately $409,294. This represents a 64.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

Rithm Capital Stock Performance

Shares of NYSE:RITM opened at $9.13 on Monday. The company’s 50 day moving average price is $9.59 and its two-hundred day moving average price is $10.36. Rithm Capital Corp. has a 12-month low of $8.43 and a 12-month high of $12.74. The firm has a market cap of $5.10 billion, a PE ratio of 8.37 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.02.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Rithm Capital had a return on equity of 19.48% and a net margin of 14.44%.The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.27 billion. Equities research analysts predict that Rithm Capital Corp. will post 2.27 earnings per share for the current year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend was Monday, April 6th. Rithm Capital’s dividend payout ratio is 91.74%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Citigroup reiterated an “outperform” rating on shares of Rithm Capital in a research note on Wednesday, May 20th. JonesTrading reiterated a “buy” rating and issued a $13.50 price target on shares of Rithm Capital in a research note on Tuesday, April 28th. Piper Sandler decreased their price target on shares of Rithm Capital from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada decreased their target price on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.61.

Rithm Capital Profile

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.