INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
Portfolio Pulse from
Ready Capital Corporation (RC) is facing a class action lawsuit after reporting substantial financial losses in Q4 2024. The company announced a net loss of $1.80 per share for the quarter and $2.52 per share for the full year. RC took $284 million in credit loss and valuation allowances, and its total leverage increased from 3.3x to 3.8x. The stock price dropped 26.84% to $5.07 on this news.
March 21, 2025 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
RC is experiencing significant financial strain with substantial losses, increased leverage, and a pending class action lawsuit alleging potential securities fraud.
The lawsuit, combined with substantial financial losses and increased leverage, suggests potential negative short-term impact on RC's stock price. The 26.84% stock price drop and pending legal action indicate investor concern about the company's financial health.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100