President Ross Jack J. bought 5,000 shares of RC at $4.85 while stock down -47.0% from 52-week high; company posted $-7.3M annual loss.
Ross Jack J., in his capacity as President, purchased 5,000 shares at $4.85, increasing his holdings to 160,264 shares. The purchase occurs against a backdrop of significant price deterioration: the stock has declined -47.0% from its 52-week high of $9.43 and -25.7% over the prior 30 days. Ready Capital Corp reported a full-year net income of $-7.3M, indicating the company was unprofitable over its most recent fiscal period. The transaction represents a modest increase (+3.2%) to his existing position at a price substantially below recent levels, but without knowledge of any scheduled trading plan or explicit company guidance, the relationship between this purchase activity and the operational losses remains observational only.