Domo signs strategic collaboration agreement with AWS for AI solutions
Andrew Ahlborn, the Chief Financial Officer of Ready Capital Corp (NYSE:RC), recently purchased 10,000 shares of the company’s common stock. The transaction, which occurred on March 12, 2025, was valued at approximately $50,395, with each share priced at $5.0395. According to InvestingPro data, this purchase comes as the stock trades near oversold levels, with the company currently offering a substantial 9.88% dividend yield. Following this acquisition, Ahlborn now holds a total of 310,808 shares directly. This purchase reflects Ahlborn’s continued investment in the real estate investment trust, which specializes in providing financing solutions for small- to medium-sized businesses. With a market capitalization of $825 million and a strong current ratio of 8.81, InvestingPro analysis indicates the stock is trading below its Fair Value, suggesting potential upside opportunity. Ready Capital is one of 1,400+ US stocks covered by comprehensive Pro Research Reports, offering deep-dive analysis for informed investment decisions.
In other recent news, Ready Capital Corp reported a significant earnings miss for the fourth quarter of 2024. The company posted a GAAP loss of $1.90 per share and a distributable earnings loss of $0.03 per share, missing the forecasted $0.23. Revenue from core operations also fell short, coming in at $91.6 million, a 12% decrease from the previous period. This challenging quarter was marked by increased provisions for loan loss and valuation allowances totaling $253.8 million. Meanwhile, Keefe, Bruyette & Woods revised Ready Capital’s price target to $4.00 from $6.25, maintaining an Underperform rating due to concerns over credit issues and future earnings potential.
Additionally, Citizens JMP downgraded Ready Capital’s stock rating from ’Market Outperform’ to ’Market Perform’. This downgrade occurred despite advancements in Ready Capital’s treatment options, as noted by the firm. The company faces further challenges with significant senior note and corporate debt maturities in 2026, totaling $760.9 million. Ready Capital’s financial strategy includes issuing $220 million in secured notes at a high interest rate of 9.375%, which analysts predict will impact future earnings. The company is also preparing for an upcoming merger with UDF IV, expected to close soon, which is projected to add 17% to incremental earnings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.