RCS Capital Corp Director Buys $22,490 in Stock (RCAP)
RCS Capital Corp (NASDAQ:RCAP) Director Jeffrey J. Brown acquired 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 2nd. The stock was purchased at an average cost of $22.49 per share, for a total transaction of $22,490.00. Following the completion of the purchase, the director now directly owns 7,473 shares of the company’s stock, valued at approximately $168,068. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
RCAP has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of RCS Capital Corp from $25.00 to $27.00 in a research note on Wednesday. Finally, 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 Corp (NASDAQ:RCAP) traded up 1.83% during mid-day trading on Thursday, hitting $22.76. The stock had a trading volume of 465,471 shares. 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 $24.23 and its 200-day moving average is $26.06. The company has a market cap of $1.143 billion and a P/E ratio of 21.39.
RCS Capital Corp (NASDAQ:RCAP) last posted its quarterly 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. On average, analysts predict that RCS Capital Corp will post $1.79 earnings per share 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 3.16%. 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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