RCS Capital Corp Director Acquires $20,200 in Stock (RCAP)
RCS Capital Corp (NASDAQ:RCAP) Director Mark Auerbach purchased 1,000 shares of the 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 purchase, the director now directly owns 12,833 shares in the company, valued at approximately $259,227. The acquisition was disclosed in a filing with the SEC, which is available at this link.
RCS Capital Corp (NASDAQ:RCAP) opened at 20.595 on Wednesday. RCS Capital Corp has a 52 week low of $14.86 and a 52 week high of $39.98. The stock’s 50-day moving average is $30.59 and its 200-day moving average is $25.71. The company has a market cap of $583.2 million and a P/E ratio of 19.73.
RCS Capital Corp (NASDAQ:RCAP) last announced its earnings results 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.
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, June 6th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.