WINTON GROUP Ltd Has $1.89 Million Holdings in Rithm Capital Corp. $RITM

WINTON GROUP Ltd decreased its position in Rithm Capital Corp. (NYSE:RITM) by 49.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,711 shares of the real estate investment trust’s stock after selling 200,503 shares during the quarter. WINTON GROUP Ltd’s holdings in Rithm Capital were worth $1,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in Rithm Capital in the 4th quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Rithm Capital during the 4th quarter worth approximately $31,000. Altshuler Shaham Ltd raised its holdings in shares of Rithm Capital by 100.0% in the first quarter. Altshuler Shaham Ltd now owns 3,600 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,800 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Rithm Capital by 108.5% in the first quarter. Bogart Wealth LLC now owns 4,120 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,144 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Rithm Capital during the first quarter worth $41,000. 44.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rithm Capital

In other Rithm Capital news, Director Peggy Hebard sold 14,520 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $10.18, for a total value of $147,813.60. Following the sale, the director owned 82,259 shares in the company, valued at $837,396.62. This represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup reiterated an “outperform” rating on shares of Rithm Capital in a research note on Wednesday, May 20th. Compass Point started coverage on Rithm Capital in a report on Monday, June 8th. They issued a “buy” rating and a $14.00 price objective for the company. BTIG Research lowered their target price on Rithm Capital from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Piper Sandler dropped their target price on Rithm Capital from $14.00 to $12.50 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Finally, Wall Street Zen raised Rithm Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.15.

Rithm Capital Stock Performance

Shares of RITM stock opened at $9.76 on Friday. The stock has a market cap of $5.45 billion, a P/E ratio of 16.26, a P/E/G ratio of 0.61 and a beta of 1.12. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.76 and a quick ratio of 0.76. The company has a fifty day moving average price of $9.80 and a two-hundred day moving average price of $9.62. Rithm Capital Corp. has a one year low of $8.43 and a one year high of $12.68.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. As a group, equities analysts predict that Rithm Capital Corp. will post 2.26 EPS for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Rithm Capital’s payout ratio is 166.67%.

Rithm Capital Company Profile

Rithm Capital Corporation (NYSE:RITM) is a real estate investment trust that focuses on investments and operating businesses tied to the residential mortgage and real estate markets. The company seeks to generate income from mortgage servicing rights, residential mortgage loans, mortgage-backed securities and other related assets.

Rithm also owns and operates businesses involved in mortgage origination, servicing and related financial services. Its platform includes Newrez, a mortgage company that provides loan origination, servicing and associated services to homeowners and borrowers in the United States.