ready capital corporation operates as a real estate finance company in the united states. the company originates, acquires, finances, and services small balance commercial (sbc) loans, small business administration (sba) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by sbc loans, or other real estate-related investments. it operates through four segments: acquisitions; sbc originations; sba originations, acquisitions and servicing; and residential mortgage banking. the acquisitions segment acquires performing and non-performing sbc loans. the sbc originations segment originates sbc loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products. the sba originations, acquisitions and servicing segment acquires, originates, and services owner-occupied loans guaranteed by the sba. the residential mortgage banking segment originates reside
Company profile
Ticker
RC
Exchange
Website
CEO
Thomas Capasse
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Sutherland Asset Management Corp, ZAIS Financial Corp.
SEC CIK
Corporate docs
Subsidiaries
Cascade RE, LLC • Ebusiness Funding, LLC • GMFS LLC • Knight Capital, LLC • Knight Capital Funding I, LLC • Knight Capital Funding II, LLC • Knight Capital Funding III, LLC • Knight Capital Funding SPV LLC • Knight Capital Funding SPV III, LLC • Ocrio LLC ...
IRS number
900729143
RC stock data
Latest filings (excl ownership)
8-K
Ready Capital Corporation Reports Fourth Quarter 2023 Results
27 Feb 24
8-K
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L January 2024 INVESTOR PRESENTATION
29 Jan 24
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Ready Capital Corporation Reports Third Quarter 2023 Results
7 Nov 23
S-8
Registration of securities for employees
8 Sep 23
S-8
Registration of securities for employees
8 Sep 23
15-12G
Securities registration termination
29 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
22 Aug 23
8-K/A
Financial Statements and Exhibits
16 Aug 23
25-NSE
Exchange delisting
15 Aug 23
Transcripts
RC
Earnings call transcript
2023 Q3
8 Nov 23
RC
Earnings call transcript
2023 Q2
8 Aug 23
RC
Earnings call transcript
2023 Q1
9 May 23
RC
Earnings call transcript
2022 Q4
27 Feb 23
RC
Earnings call transcript
2022 Q3
8 Nov 22
RC
Earnings call transcript
2022 Q2
7 Aug 22
RC
Earnings call transcript
2022 Q1
6 May 22
RC
Earnings call transcript
2021 Q4
25 Feb 22
RC
Earnings call transcript
2021 Q3
5 Nov 21
RC
Earnings call transcript
2021 Q2
5 Aug 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 311.99 mm | 311.99 mm | 311.99 mm | 311.99 mm | 311.99 mm | 311.99 mm |
Cash burn (monthly) | 25.65 mm | 609.08 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 153.53 mm | 3.65 mm | n/a | n/a | n/a | n/a |
Cash remaining | 158.46 mm | 308.34 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 6.2 | 506.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
57.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 261 |
Opened positions | 34 |
Closed positions | 25 |
Increased positions | 80 |
Reduced positions | 84 |
13F shares | Current |
---|---|
Total value | 875.07 bn |
Total shares | 98.73 mm |
Total puts | 220.10 k |
Total calls | 250.06 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 26.53 mm | $268.17 bn |
Sutherland REIT | 11.74 mm | $0.00 |
Vanguard | 10.43 mm | $105.43 bn |
STT State Street | 5.78 mm | $60.52 bn |
Geode Capital Management | 3.29 mm | $33.29 bn |
NTRS Northern Trust | 2.04 mm | $20.59 bn |
IVZ Invesco | 1.76 mm | $17.76 bn |
Mirae Asset Global Investments | 1.59 mm | $16.11 bn |
Soltis Investment Advisors | 1.49 mm | $15.10 bn |
Quadrant Private Wealth Management | 1.33 mm | $13.91 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Nathan Gilbert E | Common stock | Buy | Acquire P | Yes | No | 9.1189 | 7,000 | 63.83 k | 7,000 |
22 Mar 24 | Nathan Gilbert E | Common stock | Buy | Acquire P | No | No | 9.1297 | 2,150 | 19.63 k | 85,249 |
14 Mar 24 | Nathan Gilbert E | Common stock | Buy | Acquire P | No | No | 8.6475 | 10,000 | 86.48 k | 83,099 |
5 Mar 24 | Luebbers Kevin M | Common stock | Buy | Acquire P | No | No | 8.4297 | 5,000 | 42.15 k | 119,925 |
22 Feb 24 | Luebbers Kevin M | Common stock | Grant | Acquire A | No | No | 0 | 12,693 | 0.00 | 114,925 |
22 Feb 24 | Adam Zausmer | Common Stock | Grant | Acquire A | No | No | 0 | 44,150 | 0.00 | 105,219 |
News
Insiders Buying American Coastal Insurance And 2 Other Stocks
27 Mar 24
In-Depth Examination Of 4 Analyst Recommendations For Ready Capital
4 Mar 24
Overview Of Value Stocks In The Real Estate Sector
4 Mar 24
B. Riley Securities Reiterates Buy on Ready Capital, Lowers Price Target to $12
4 Mar 24
Keefe, Bruyette & Woods Downgrades Ready Capital to Underperform, Lowers Price Target to $8
4 Mar 24
Press releases
Ready Capital Corporation Declares First Quarter 2024 Dividends
15 Mar 24
Ready Capital Corporation Reports Fourth Quarter 2023 Results
27 Feb 24
Ready Capital Corporation Announces Fourth Quarter and Full Year 2023 Results and Webcast Call
13 Feb 24
Commercial Real Estate Leaders Ethan Penner and Chad Carpenter Launch Reven Office REIT to Finance U.S. Office Properties
18 Jan 24
Ready Capital Exceeds $1 Billion in Affordable Multifamily Loan Closings During 2023
10 Jan 24