Company Description
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitio...
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in 2011 and is headquartered in New York, NY.
Valuation
P/E Current
7.27
P/E Ratio (with extraordinary items)
4.44
P/E Ratio (without extraordinary items)
7.39
Price to Sales Ratio
1.50
Price to Book Ratio
0.73
Price to Cash Flow Ratio
0.39
Enterprise Value to EBITDA
16.50
Enterprise Value to Sales
10.34
Total Debt to Enterprise Value
0.88
Efficiency
Receivables Turnover
10.54
Total Asset Turnover
0.08
Profitability
Gross Margin
87.97
Operating Margin
73.56
Pretax Margin
26.69
Net Margin
21.17
Return on Assets
1.75
Return on Equity
11.98
Return on Total Capital
6.28
Return on Invested Capital
2.14
Capital Structure
Total Debt to Total Equity
555.91
Total Debt to Total Capital
83.84
Total Debt to Total Assets
80.35
Long-Term Debt to Equity
496.58
Long-Term Debt to Total Capital
74.89
Officers and Executives
| Name | Age | Officer Since | Title |
|---|---|---|---|
| Mr. Thomas Edward Capasse | 61 | - | Chairman & Chief Executive Officer |
| Mr. Jack Jay Ross | 60 | - | President & Director |
| Mr. Gary Taylor | 60 | 2019 | Chief Operating Officer |
| Mr. Andrew Ahlborn | 36 | 2015 | Controller |
| Mr. Adam Zausmer | - | 2021 | Chief Credit Officer |
Insider Actions
| 08/15/2023 |
Waterfall Asset Management LLC CEO and CIO; Director |
26,623 | Disposition at $10.7 per share. | 284,866 |
| 08/14/2023 |
Waterfall Asset Management LLC CEO and CIO; Director |
26,623 | 0 | |
| 08/14/2023 |
Waterfall Asset Management LLC CEO and CIO; Director |
26,623 | 0 | |
| 06/01/2023 |
Daniel J. Hirsch Director |
6,545 | Award at $0 per share. | 0 |
| 06/01/2023 |
Kevin M. Luebbers Director |
6,545 | Award at $0 per share. | 0 |
| 06/01/2023 |
Pinkie Dent Mayfield Director |
6,545 | Award at $0 per share. | 0 |
| 03/08/2023 |
Gilbert E. Nathan Director |
3,841 | Acquisition at $11.05 per share. | 42,443 |
| 03/07/2023 |
Gilbert E. Nathan Director |
5,000 | Acquisition at $10.95 per share. | 54,750 |
| 03/03/2023 |
Dominique Mielle Director |
2,500 | Acquisition at $20.05 per share. | 50,125 |
| 03/03/2023 |
Dominique Mielle Director |
5,000 | Acquisition at $11.2 per share. | 56,000 |
| 02/13/2023 |
Gary Taylor Chief Operating Officer |
1,725 | Derivative/Non-derivative trans. at $13.25 per share. | 22,856 |
| 02/13/2023 |
Andrew Ahlborn Chief Financial Officer |
1,200 | Derivative/Non-derivative trans. at $13.25 per share. | 15,900 |
| 02/13/2023 |
Adam Zausmer Chief Credit Officer |
1,252 | Derivative/Non-derivative trans. at $13.25 per share. | 16,589 |
| 02/12/2023 |
J. Mitchell Reese Director |
8,860 | Award at $0 per share. | 0 |
| 02/12/2023 |
Gary Taylor Chief Operating Officer |
30,817 | Award at $0 per share. | 0 |
| 02/12/2023 |
Andrew Ahlborn Chief Financial Officer |
30,817 | Award at $0 per share. | 0 |
| 02/12/2023 |
Adam Zausmer Chief Credit Officer |
30,817 | Award at $0 per share. | 0 |
| 02/12/2023 |
Gilbert E. Nathan Director |
8,860 | Award at $0 per share. | 0 |
| 02/12/2023 |
Todd M. Sinai Director |
8,860 | Award at $0 per share. | 0 |
| 02/12/2023 |
Frank P. Filipps Director |
8,860 | Award at $0 per share. | 0 |
| 02/12/2023 |
Dominique Mielle Director |
8,860 | Award at $0 per share. | 0 |
| 02/12/2023 |
Meredith Marshall Director |
8,860 | Award at $0 per share. | 0 |
| 02/12/2023 |
Gary Taylor Chief Operating Officer |
5,148 | Derivative/Non-derivative trans. at $12.98 per share. | 66,821 |
| 02/12/2023 |
Andrew Ahlborn Chief Financial Officer |
5,080 | Derivative/Non-derivative trans. at $12.98 per share. | 65,938 |
| 02/12/2023 |
Adam Zausmer Chief Credit Officer |
5,272 | Derivative/Non-derivative trans. at $12.98 per share. | 68,430 |
| 12/01/2022 |
Meredith Marshall Director |
684 | Award at $0 per share. | 0 |
| 08/29/2022 |
Andrew Ahlborn Chief Financial Officer |
3,035 | Disposition at $13.8 per share. | 41,883 |
MarketWatch News on RC
-
Ready Capital expects deal to close in second quarter
- Ciara Linnane
-
Ready Capital and Broadmark Realty Capital to merge in deal expected to create company with equity capital base of $2. 8 bln
- Ciara Linnane
-
Sutherland Asset Management started at outperform with $18 stock price target at Raymond James
- Tomi Kilgore
-
Hudson Executive Capital Eyes Eagle Pharmaceuticals
- Barron's Online
-
ZAIS Financial upgraded to overweight from equal weight at Barclays
- Tomi Kilgore
-
Yields falling? These REITs’ dividends pay up to 19%
- Philip van Doorn
-
Mortgage REITs That May Lift Dividends
- Barron's Online
-
Six Mortgage REITs That May Cut Dividends
- Barron's Online
-
Zais's 5.7 mln share IPO prices at $21.25 a share
- MarketWatch.com
Other News on RC
-
- Edgar Online - (EDG = 10Q, 10K)
-
Ready Capital Corporation (RC) Q3 2022 Earnings Call Transcript
- Seeking Alpha
