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RCS Capital Corp (NASDAQ:RCAP) Director Mark Auerbach acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $20.20 per share, for a total transaction of $20,200.00. Following the completion of the transaction, the director now directly owns 12,833 shares in the company, valued at approximately $259,227. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on RCAP. Analysts at JMP Securities cut their price target on shares of RCS Capital Corp from $37.00 to $31.00 in a research note on Friday.

RCS Capital Corp (NASDAQ:RCAP) traded down 1.44% on Monday, hitting $19.85. The stock had a trading volume of 1,908,343 shares. RCS Capital Corp has a one year low of $14.86 and a one year high of $39.98. The stock has a 50-day moving average of $30.9 and a 200-day moving average of $25.6. The company has a market cap of $562.1 million and a P/E ratio of 19.27.

RCS Capital Corp (NASDAQ:RCAP) last released its earnings data on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.22. On average, analysts predict that RCS Capital Corp will post $1.75 earnings per share for the current fiscal year.

RCS Capital Corporation is a holding company. The Company is engaged in the business of wholesale broker-dealer, investment banking and capital markets business, a transaction management services provider and a transfer agent.

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