10 Stocks Insiders Are Buying In March

6. Ready Capital Corporation (NYSE:RC)

Number of Insiders Buying: 5

Market Capitalization: $830.03 million

Ready Capital Corporation is a real estate finance company that operates in two segments: LLM Commercial Real Estate and Small Business Lending. The New York, New York-based company provides various professional services, including originating, acquiring, financing, and servicing LLM commercial real estate loans, SBA loans, residential mortgages, construction loans, USDA loans, and mortgage-backed securities.

Recently, the company confirmed it has completed the previously announced acquisition of United Development Funding IV. The combined company will conduct business under the name “Ready Capital Corporation” and will continue to trade on the New York Stock Exchange under the ticker symbol “RC.”

In March, five insiders, including the company’s CEO, and CIO, purchased a total of $653,415 worth of Ready Capital Corporation shares at a price of $5.07 per share. Since the beginning of the year, the stock declined 25.81% and is now trading at $5.06 per share. Over the past 12 months, the stock lost 41.64%.

In 2024, the company had a net loss of $430.4 million.

Based on nine analysts’ assessments, Ready Capital stock is a “Hold” with a price target of $7.86, writes MarketBeat.