COO Taylor Gary buys 10,000 RC shares at $5.23; 4 other insiders bought in past 14 days amid -46.9% decline from 52-week high.
Taylor Gary, Chief Operating Officer of Ready Capital Corp, purchased 10,000 shares at $5.23 on 2025-03-10, increasing his holdings from 201,097 shares to 211,097 shares. This buy occurs within a cluster pattern: 4 other insiders also bought within the past 14 days. The stock trades at $5.01, representing a -46.9% decline from its 52-week high of $9.43 and a -30.7% drop over 90 days. The company is unprofitable, with net income of $-7,279,000 for its most recent full fiscal year. The convergence of multiple insider purchases during a period of sustained price weakness and negative earnings warrants investor attention to assess whether this coordinated buying reflects genuine valuation opportunity or reflects other factors driving the insider group's decision-making.