Alpha DNA Investment Management LLC Acquires 4,186 Shares of Rithm Capital Corp. (NYSE:RITM)

Alpha DNA Investment Management LLC boosted its position in shares of Rithm Capital Corp. (NYSE:RITM) by 13.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,704 shares of the real estate investment trust’s stock after purchasing an additional 4,186 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Rithm Capital were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Rithm Capital by 154.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,525 shares during the last quarter. Bessemer Group Inc. bought a new stake in Rithm Capital during the 1st quarter worth about $30,000. Abich Financial Wealth Management LLC raised its holdings in Rithm Capital by 56.8% during the 1st quarter. Abich Financial Wealth Management LLC now owns 4,031 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,461 shares during the last quarter. Godsey & Gibb Inc. acquired a new position in shares of Rithm Capital during the 3rd quarter worth about $51,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Rithm Capital during the 3rd quarter worth about $73,000. 44.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research report on Thursday. Wedbush restated an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.78.

Rithm Capital Stock Up 1.8 %

Shares of NYSE RITM opened at $10.98 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 11.09 and a beta of 1.80. Rithm Capital Corp. has a 12 month low of $9.97 and a 12 month high of $12.02. The stock has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $11.13.

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The company had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, analysts forecast that Rithm Capital Corp. will post 1.89 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.11%. The ex-dividend date of this dividend was Tuesday, October 1st. Rithm Capital’s dividend payout ratio is currently 101.01%.

Rithm Capital Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.