Dynamic Technology Lab Private Ltd Has $159,000 Stock Holdings in Rithm Capital Corp. $RITM

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 64.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,095 shares of the real estate investment trust’s stock after selling 25,612 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Rithm Capital were worth $159,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RITM. Westbourne Investment Advisors Inc. bought a new position in Rithm Capital during the second quarter worth $593,000. Kingstone Capital Partners Texas LLC bought a new stake in Rithm Capital in the 2nd quarter valued at $96,027,000. Belpointe Asset Management LLC grew its position in Rithm Capital by 84.2% in the 1st quarter. Belpointe Asset Management LLC now owns 54,520 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 24,920 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Rithm Capital by 43.4% during the first quarter. Nomura Holdings Inc. now owns 1,842,125 shares of the real estate investment trust’s stock valued at $21,092,000 after buying an additional 557,482 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Rithm Capital in the first quarter valued at about $385,000. 44.92% of the stock is owned by institutional investors.

Rithm Capital Stock Up 1.2%

NYSE RITM opened at $11.53 on Thursday. The stock’s 50 day simple moving average is $11.12 and its 200 day simple moving average is $11.59. Rithm Capital Corp. has a one year low of $9.13 and a one year high of $12.74. The firm has a market cap of $6.39 billion, a PE ratio of 7.95 and a beta of 1.30. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.45 and a quick ratio of 0.45.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Rithm Capital had a return on equity of 18.82% and a net margin of 17.08%. As a group, sell-side analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 1st were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.00 annualized dividend and a yield of 8.7%. Rithm Capital’s dividend payout ratio is 68.97%.

Insider Transactions at Rithm Capital

In other Rithm Capital news, insider David Zeiden sold 19,285 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $11.11, for a total value of $214,256.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Nierenberg sold 301,548 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $11.00, for a total transaction of $3,317,028.00. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank Of Canada upped their price target on Rithm Capital from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wedbush restated an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a research report on Wednesday, August 6th. Jones Trading reaffirmed a “buy” rating and issued a $13.50 price target on shares of Rithm Capital in a research note on Thursday, October 30th. UBS Group increased their price objective on Rithm Capital from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Rithm Capital in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Rithm Capital presently has a consensus rating of “Buy” and a consensus target price of $14.25.

About Rithm Capital

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.