Thu Oct 17 23:23:52 UTC 2024: ## SG Americas Securities LLC Invests in Rithm Capital Corp.

**Sioux Falls, SD – October 26, 2024** – SG Americas Securities LLC has acquired a new stake in shares of Rithm Capital Corp. (NYSE: RITM) during the third quarter, according to the company’s recent Form 13F filing with the Securities and Exchange Commission. The investment firm purchased 362,302 shares of the real estate investment trust, valued at approximately $4,112,000. This represents 0.07% ownership of Rithm Capital.

Several other institutional investors have also adjusted their positions in RITM recently. Northwestern Mutual Wealth Management Co. significantly increased its holdings by 154.4% in the second quarter, while Bessemer Group Inc. initiated a new position in the first quarter. Raleigh Capital Management Inc. and Abich Financial Wealth Management LLC also boosted their stakes in the fourth and first quarter respectively.

Institutional investors currently hold 44.92% of Rithm Capital’s stock.

Rithm Capital’s stock closed at $10.58 on Monday, down $0.23 from the previous day. The company reported earnings per share of $0.47 for the quarter ending July 31st, exceeding analysts’ expectations. Rithm Capital also declared a quarterly dividend of $0.25 per share, payable on November 1st.

Analysts remain positive about Rithm Capital, with eight issuing a buy rating and one assigning a hold rating. The consensus target price is $12.67, suggesting potential upside for the stock.

**About Rithm Capital Corp.**

Rithm Capital Corp. is an asset manager focused on real estate, credit, and financial services. The company operates through various segments including origination and servicing, investment portfolio, mortgage loans receivable, and asset management. Its investment portfolio primarily comprises mortgage servicing rights, real estate securities, loans, and asset management related investments.

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