Insider Buying: Resource Capital Corp. SVP Acquires 8,500 Shares of Stock (RSO)
Resource Capital Corp. (NYSE:RSO) SVP David E. Bloom purchased 8,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $5.86 per share, for a total transaction of $49,810.00. Following the acquisition, the senior vice president now directly owns 305,914 shares in the company, valued at approximately $1,792,656. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Resource Capital Corp. in a research note on Wednesday, May 7th. They now have a $6.25 price target on the stock, down previously from $6.50.
Resource Capital Corp. (NYSE:RSO) opened at 5.87 on Wednesday. Resource Capital Corp. has a one year low of $5.31 and a one year high of $6.68. The stock’s 50-day moving average is $5.57 and its 200-day moving average is $5.77. The company has a market cap of $739.1 million and a P/E ratio of 16.99.
Resource Capital Corp. (NYSE:RSO) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.09. Analysts expect that Resource Capital Corp. will post $0.76 EPS for the current fiscal year.
Resource Capital Corp. is a specialty finance company that focuses primarily on commercial real estate and commercial finance.
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