Ready Capital Corporation 7.00% Convertible Senior Notes due 2023
RCA
RCA was delisted on the 14th of August, 2023.
15 hedge funds and large institutions have $98.6M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
9% more capital invested
Capital invested by funds: $90.7M → $98.6M (+$7.84M)
7% more funds holding
Funds holding: 14 → 15 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.87M |
| 2 |
LCM
LDR Capital Management
New York
|
+$517K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$121K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$101K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$57.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wellesley Asset Management
Portsmouth,
New Hampshire
|
-$43.4M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.08M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$97.6K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$5K |
RCA Hedge Fund Activity: Q1 2019 in Review
15 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q1 2019, worth a combined $98.6M — up 8.6% from $90.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RCA positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 2 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $1.87M. The largest seller was Wellesley Asset Management, exiting entirely with an estimated $43.4M sold.
- 15 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q1 2019, up from 14 in Q4 2018.
- Funds reported $98.6M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q1 2019, up 8.6% quarter-over-quarter.
- 3 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q1 2019 and 2 closed out, a net change of +1 holder.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q1 2019 was BlackRock, an estimated $1.87M added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q1 2019 was Wellesley Asset Management, an estimated $43.4M sold.
Based on aggregated 13F filings for Q1 2019.