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 $59.9M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 2 closing their positions.
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
12% less funds holding
Funds holding: 17 → 15 (-2)
46% less capital invested
Capital invested by funds: $110M → $59.9M (-$50.2M)
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$687K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$149K |
| 3 |
Morgan Stanley
New York
|
+$5.37K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$640K |
| 2 |
DG
DigitalBridge Group
Boca Raton,
Florida
|
-$575K |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$485K |
| 4 |
William Blair & Company
Chicago,
Illinois
|
-$225K |
| 5 |
BlackRock
New York
|
-$124K |
RCA Hedge Fund Activity: Q1 2020 in Review
15 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q1 2020, worth a combined $59.9M — down 46% from $110M a quarter earlier.
Fund positioning in RCA was balanced in Q1 2020: 2 funds opened new positions, 2 closed out, 2 added to existing stakes and 8 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $687K. The largest seller was Wolverine Asset Management, cutting an estimated $640K.
- 15 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q1 2020, down from 17 in Q4 2019.
- Funds reported $59.9M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q1 2020, down 46% quarter-over-quarter.
- 2 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q1 2020 and 2 closed out, a net change of 0 holders.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q1 2020 was Raymond James & Associates, an estimated $687K added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q1 2020 was Wolverine Asset Management, an estimated $640K sold.
Based on aggregated 13F filings for Q1 2020.