Rocket Companies, Inc. (NYSE:RKT) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 54.5% during the fourth quarter, HoldingsChannel reports. The fund owned 173,754 shares of the company’s stock after buying an additional 61,265 shares during the period. Aquatic Capital Management LLC’s holdings in Rocket Companies were worth $1,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RKT. Barclays PLC grew its holdings in Rocket Companies by 136.2% during the third quarter. Barclays PLC now owns 238,323 shares of the company’s stock worth $4,573,000 after acquiring an additional 137,441 shares during the period. Virtu Financial LLC boosted its position in Rocket Companies by 22.1% during the third quarter. Virtu Financial LLC now owns 16,135 shares of the company’s stock worth $310,000 after purchasing an additional 2,925 shares in the last quarter. Tidal Investments LLC boosted its position in Rocket Companies by 804.3% during the third quarter. Tidal Investments LLC now owns 315,764 shares of the company’s stock worth $6,060,000 after purchasing an additional 280,847 shares in the last quarter. Connective Portfolio Management LLC purchased a new stake in Rocket Companies during the fourth quarter worth $428,000. Finally, Wealthcare Advisory Partners LLC boosted its position in Rocket Companies by 75.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 28,508 shares of the company’s stock worth $321,000 after purchasing an additional 12,230 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Wall Street Analysts Forecast Growth

RKT has been the topic of a number of research analyst reports. Barclays upgraded Rocket Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $14.00 in a research report on Tuesday, April 8th. Wedbush reiterated an “outperform” rating and set a $13.00 target price on shares of Rocket Companies in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft upgraded Rocket Companies from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on Rocket Companies from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $18.00 price objective on shares of Rocket Companies in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.38.

Rocket Companies Stock Performance

NYSE RKT opened at $12.61 on Tuesday. The business’s 50-day moving average price is $13.42 and its 200 day moving average price is $13.43. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $21.38. The company has a market capitalization of $25.17 billion, a PE ratio of -78.81 and a beta of 2.35. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51.

Rocket Companies Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 20th. Rocket Companies’s dividend payout ratio (DPR) is presently 801.25%.

About Rocket Companies

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.