RCS Capital Corp Director Charles Thomas Mcmillen Acquires 1,000 Shares (RCAP)
RCS Capital Corp (NASDAQ:RCAP) Director Charles Thomas Mcmillen bought 1,000 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $20.28 per share, with a total value of $20,280.00. Following the completion of the transaction, the director now directly owns 12,429 shares in the company, valued at approximately $252,060. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on RCAP shares. 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% during mid-day trading on Monday, hitting $19.85. The stock had a trading volume of 1,908,343 shares. RCS Capital Corp has a 1-year low of $14.86 and a 1-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 issued its quarterly 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. Analysts expect that RCS Capital Corp will post $1.75 EPS 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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