SCHEDULE 13G/A: BlackRock Amends Passive Stake in Rithm Capital Corp., Disclosing 4.9% Beneficial Ownership
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amendment to its Schedule 13G, reporting a 4.9% passive beneficial ownership stake in Rithm Capital Corp. as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 1 to its Schedule 13G concerning its beneficial ownership in Rithm Capital Corp.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 25,728,196 shares of Rithm Capital Corp. Common Stock.
- This aggregate amount represents 4.9% of the total outstanding class of securities.
- BlackRock holds sole voting power over 23,697,671 shares and sole dispositive power over 25,728,196 shares.
- No shared voting or dispositive power is reported by BlackRock, Inc.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates BlackRock, a major institutional asset manager, holds a significant but passive stake in Rithm Capital Corp. Such filings are standard disclosures for large investors holding less than 5% of a company's outstanding shares with no intent to influence control, providing transparency on institutional ownership within the market.
Stakeholder Impact
- Shareholders of Rithm Capital Corp. gain transparency regarding a significant institutional holder's passive stake.
- BlackRock's clients, as beneficial owners through BlackRock's funds, are indirectly impacted by the performance of Rithm Capital Corp. shares.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of execution of the Power of Attorney by BlackRock, Inc. |
| 03/31/2025 | Date of event which requires filing of this statement, indicating the beneficial ownership stake. |
| 04/25/2025 | Date of signature for the Schedule 13G filing by BlackRock, Inc. |
Keywords
BlackRock, Rithm Capital Corp, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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