Ready Capital Corporation Announces $100M New Share Repurchase Program
Portfolio Pulse from Happy Mohamed
Ready Capital Corporation (NYSE:RC) announces a $100 million stock repurchase program approved by its Board of Directors. The repurchases may be made on the open market, in privately negotiated transactions, or otherwise, subject to compliance with SEC rules and legal requirements.
June 01, 2023 | 8:23 pm
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POSITIVE IMPACT
Ready Capital Corporation's $100 million stock repurchase program may lead to a short-term increase in stock price.
Stock repurchase programs are generally seen as a positive signal by the market, as they indicate that the company believes its stock is undervalued. This can lead to increased demand for the stock and a short-term increase in stock price. However, the actual impact will depend on the timing and amount of repurchases, as well as market conditions and other factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100