Ready Capital Corporation 7.00% Convertible Senior Notes due 2023
RCA
RCA was delisted on the 14th of August, 2023.
16 hedge funds and large institutions have $56.9M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
7% more funds holding
Funds holding: 15 → 16 (+1)
27% less capital invested
Capital invested by funds: $77.8M → $56.9M (-$20.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$2.89M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$629K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$577K |
| 4 |
BlackRock
New York
|
+$341K |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TG
TCW Group
Los Angeles,
California
|
-$2.51M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$324K |
| 3 |
DTIM
Danda Trouve Investment Management
Prairie Village,
Kansas
|
-$17.9K |
| 4 |
Morgan Stanley
New York
|
-$6K |
RCA Hedge Fund Activity: Q3 2020 in Review
16 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q3 2020, worth a combined $56.9M — down 27% from $77.8M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new RCA positions and 1 closed out — a net gain of 1 holder — while 5 added to existing stakes and 3 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $2.89M. The largest seller was TCW Group, cutting an estimated $2.51M.
- 16 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q3 2020, up from 15 in Q2 2020.
- Funds reported $56.9M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q3 2020, down 27% quarter-over-quarter.
- 2 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q3 2020 and 1 closed out, a net change of +1 holder.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q3 2020 was EJF Capital, an estimated $2.89M added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q3 2020 was TCW Group, an estimated $2.51M sold.
Based on aggregated 13F filings for Q3 2020.