Insider Buying: Resource Capital Corp. (NYSE:RSO) President Purchases 1,750 Shares of Stock

Resource Capital Corp. (NYSE:RSO) President Matthew J. Stern acquired 1,750 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average cost of $9.05 per share, for a total transaction of $15,837.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of RSO stock opened at $9.62 on Friday. The company has a current ratio of 141.52, a quick ratio of 141.52 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $300.66, a P/E ratio of -11.19 and a beta of 0.92. Resource Capital Corp. has a one year low of $8.51 and a one year high of $11.38.

How to Become a New Pot Stock Millionaire

Resource Capital (NYSE:RSO) last announced its quarterly earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) EPS for the quarter. The company had revenue of $11.03 million during the quarter. Resource Capital had a net margin of 76.28% and a negative return on equity of 1.36%. research analysts expect that Resource Capital Corp. will post 0.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, March 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 28th. Resource Capital’s dividend payout ratio is -23.26%.

Several analysts have recently weighed in on RSO shares. Zacks Investment Research lowered Resource Capital from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine raised Resource Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, JMP Securities raised Resource Capital from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.75.

A number of hedge funds have recently made changes to their positions in the stock. Silver Capital Management LLC acquired a new position in Resource Capital in the third quarter worth $119,000. First Quadrant L P CA acquired a new position in Resource Capital in the fourth quarter worth $120,000. MetLife Investment Advisors LLC acquired a new position in Resource Capital in the fourth quarter worth $150,000. Atria Investments LLC acquired a new position in Resource Capital in the fourth quarter worth $158,000. Finally, Nisa Investment Advisors LLC boosted its stake in Resource Capital by 120.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,200 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 9,400 shares in the last quarter. 52.64% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at

About Resource Capital

Resource Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, such as first mortgage loans, first priority interests in first mortgage real estate loans, subordinate interests in first mortgage real estate loans, mezzanine debt, commercial mortgage-backed securities, commercial real estate; and residential real estate-related assets, including residential mortgage loans and mortgaged-backed securities.

Insider Buying and Selling by Quarter for Resource Capital (NYSE:RSO)

Receive News & Ratings for Resource Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital and related companies with's FREE daily email newsletter.

Leave a Reply