Resource Capital Corp. (NYSE:RSO) Director Jeffrey P. Cohen purchased 10,000 shares of Resource Capital stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average cost of $9.26 per share, with a total value of $92,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Resource Capital Corp. (RSO) traded down $0.23 during mid-day trading on Tuesday, reaching $8.98. 201,153 shares of the company traded hands, compared to its average volume of 202,881. Resource Capital Corp. has a 52 week low of $8.02 and a 52 week high of $11.38. The company has a quick ratio of 134.66, a current ratio of 134.66 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $290.30, a PE ratio of 47.26 and a beta of 1.02.
Resource Capital (NYSE:RSO) last issued its earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter. Resource Capital had a negative return on equity of 1.34% and a net margin of 76.28%. The company had revenue of $11.03 million during the quarter.
Hedge funds have recently modified their holdings of the stock. Silver Capital Management LLC purchased a new stake in Resource Capital in the third quarter worth approximately $119,000. First Quadrant L P CA purchased a new stake in Resource Capital in the fourth quarter worth approximately $120,000. MetLife Investment Advisors LLC purchased a new stake in Resource Capital in the fourth quarter worth approximately $150,000. Atria Investments LLC purchased a new position in shares of Resource Capital during the 4th quarter worth $158,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Resource Capital by 120.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,200 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 9,400 shares during the last quarter. Institutional investors own 52.64% of the company’s stock.
WARNING: This story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://sportsperspectives.com/2018/03/13/resource-capital-corp-rso-director-jeffrey-p-cohen-acquires-10000-shares.html.
About Resource Capital
Resource Capital Corp. is a real estate finance company. The Company operates through four segments: Commercial Real Estate Debt Investments, Commercial Finance, Residential Mortgage Lending and Corporate & Other. The Commercial Real Estate Debt Investments segment includes the Company’s activities and operations related to commercial real estate loans, commercial real estate-related securities and investments in real estate.
Receive News & Ratings for Resource Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resource Capital and related companies with MarketBeat.com's FREE daily email newsletter.