Parallel Advisors LLC Has $491,000 Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Parallel Advisors LLC boosted its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 34.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,333 shares of the real estate investment trust’s stock after acquiring an additional 11,620 shares during the period. Parallel Advisors LLC’s holdings in Rithm Capital were worth $491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RITM. Truvestments Capital LLC acquired a new position in shares of Rithm Capital in the 3rd quarter valued at $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital in the 3rd quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 2,062 shares during the period. FNY Investment Advisers LLC grew its holdings in shares of Rithm Capital by 8,600.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 8,600 shares during the period. Finally, Periscope Capital Inc. acquired a new position in shares of Rithm Capital in the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Trading Up 0.0 %

Shares of NYSE:RITM opened at $11.83 on Friday. The company’s 50-day moving average price is $11.62 and its two-hundred day moving average price is $11.24. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.20. The stock has a market capitalization of $6.16 billion, a PE ratio of 7.08 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. On average, equities analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RITM shares. JMP Securities reissued a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a research note on Thursday, November 21st. Piper Sandler upped their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $13.25.

About Rithm Capital

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.