Insider Buying: Edward M. Jr. Weil Purchases 2,457 Shares of RCS Capital Corp Stock (RCAP)
RCS Capital Corp (NASDAQ:RCAP) Insider Edward M. Jr. Weil acquired 2,457 shares of the stock in a transaction dated Friday, June 27th. The shares were purchased at an average price of $20.61 per share, with a total value of $50,638.77. Following the completion of the purchase, the insider now directly owns 3,457 shares in the company, valued at approximately $71,249. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on RCAP. Analysts at Barclays initiated coverage on shares of RCS Capital Corp in a research note on Thursday, June 19th. They set an “overweight” rating and a $25.00 price target on the stock. Separately, 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. Finally, analysts at JMP Securities raised their price target on shares of RCS Capital Corp from $25.00 to $37.00 in a research note on Friday, May 2nd.
RCS Capital Corp (NASDAQ:RCAP) traded up 0.98% on Friday, hitting $20.52. The stock had a trading volume of 504,903 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 $25.47 and a 200-day moving average of $25.90. The company has a market cap of $1.030 billion and a price-to-earnings ratio of 19.44.
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 $1.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Investors of record on Monday, June 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, June 26th.
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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