BlackRock Fund Advisors has recently announced that it has increased stake in Rithm Capital Corporation (NYSE:RITM) by 0.91%. After grabbing 23.18 million shares, the institutional investor is now in possession of 0.21 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 4.80% having worth around $247.54 million. Moreover, Geode Capital Management LLC increased its share by 0.42 million to have a control over 9.51 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.21 million shares by acquiring 8.09 million shares or 1.67% of the stake.
Rithm Capital Corporation (RITM) concluded trading on Wednesday at a closing price of $10.97, with 2.97 million shares of worth about $32.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.40% during that period and On Wednesday, January 24 the price saw a gain of about 0.46%. Currently the company’s common shares owned by public are about 483.21M shares, out of which, 480.73M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 710,508 shares in 18 of the transactions. In 1 selling transactions, insiders dumped 106,545 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Vanguard Small Cap Value Index Fu are the top 3 mutual funds which are holding stakes in Rithm Capital Corporation Vanguard Total Stock Market ETF is currently holding 14.89 million shares of worth totaling $158.99 million. The company recently came selling 81856.0 shares which brought its stake up to 3.08% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold -0.21 million shares, after which its hold over company’s outstanding shares shrunk to 2.55%, leaving 12.31 million shares with the mutual fund that have a worth of about $131.43 million. Vanguard Small Cap Value Index Fu, after selling 8.48 million shares, have now control over 1.76% of the stake in the company. It holds -0.22 million shares of worth $90.59 million.
Stock saw a price change of 3.59% in past 5 days and over the past one month there was a price change of -0.36%. Year-to-date (YTD), RITM shares are showing a performance of 2.72% which increased to 19.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.40 but also hit the highest price of $11.15 during that period. The average intraday trading volume for Rithm Capital Corporation shares is 3.52 million. The stock is currently trading 2.61% above its 20-day simple moving average (SMA20), while that difference is up 4.44% for SMA50 and it goes to 15.37% higher than SMA200.
BlackRock Fund Advisors acquired 23.18 million shares of Rithm Capital Corporation having value of about $247.54 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.21 million shares in the company valued at close to $2287738.65, or have control over 0.91% stake in the company. Rithm Capital Corporation (NYSE: RITM) currently have 483.21M outstanding shares and institutions hold larger chunk of about 45.87% of that. Holding of mutual funds in the company is about 22.51% while other institutional holders and individual stake holders have control over 23.72% and 0.92% of the stake respectively.
The stock has a current market capitalization of $5.30B and its 3Y-monthly beta is at 1.80. PE ratio of stock for trailing 12 months is 7.55, while it has posted earnings per share of $1.45 in the same period. Its PEG reads 0.53 while making debt-to-equity ratio of 3.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RITM, volatility over the week remained 1.39% while standing at 1.45% over the month.
Analysts are in expectations that Rithm Capital Corporation (RITM) stock would likely to be making an EPS of $0.38 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $1.61 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.5 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.33 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.61% while it is estimated to decrease by -12.50% in next year. EPS is likely to grow at an annualized rate of 14.14% for next 5-years, compared to annual growth of -10.63% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 06, 2023 offering a Buy rating for the stock and assigned a target price of $12.50 to it.
