RCS Capital Corp Director Buys $20,280 in Stock (RCAP)
RCS Capital Corp (NASDAQ:RCAP) Director Charles Thomas Mcmillen purchased 1,000 shares of RCS Capital Corp stock on the open market in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $20.28 per share, with a total value of $20,280.00. Following the transaction, the director now directly owns 12,429 shares in the company, valued at approximately $252,060. The transaction was disclosed in a legal 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 1-year low of $14.86 and a 1-year high of $39.98. The stock has a 50-day moving average of $30.59 and a 200-day moving average of $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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.22. Analysts expect that RCS Capital Corp will post $1.75 EPS for the current fiscal year.
RCAP has been the subject of a number of recent research reports. 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.
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