Resource America Inc (NASDAQ:REXI) Stock Decline By 2.66%


Dallas, Texas 11/19/2013 (Financialstrend) – Resource America Inc (NASDAQ:REXI) reported its operating results for the 2013 Q3. GAAP net-income that is attributable to its common shareholders of $3.4M, or $0.16/  common share-diluted &  $5.1m, or $0.23 / common share-diluted, for the 3 and 9 months that ended 30th September 2013, respectively, in comparison to a GAAP net-loss attributable to common-shareholders of $2.3M, or $0.11 / common share-diluted, & net-income attributable to common-shareholders of $25.6M, or $1.23 / common share-diluted, for the 3 and 9 months that ended 30th September 2012, respectively. Included in this is the GAAP net income attributable to the common-shareholders for the 9 months that ended 30th September 2012, was a $32.7m gain. This is net of tax, on the sale of its credit loan manager.

Monday’s trading

In Monday’s trading session, Resource America Inc (NASDAQ:REXI) dropped by 2.66%. The shares opened at a price of $8.65, which was also the intraday high and headed to a close of $8.41. Approximately 0.296m shares exchanged hands over the trading day and an average volume of 0.358 million shares were traded over a 30 day period. The 52-week low of Resource America Inc (NASDAQ:REXI) shares is $6.39 and its 52-week high is $10.30. Resource America Inc (NASDAQ:REXI) has a market capitalization of $171.85 million.

About the company

Resource America Inc (NASDAQ:REXI) is a specialized asset-management company. It evaluates, originates and services as well as manages investment-opportunities via its real-estate, commercial finance & financial fun- management subsidiaries. Resource America Inc (NASDAQ:REXI) seeks to develop investment-funds for various outside investors, for which the company provides asset-management services, under various long-term management arrangements. These arrangements could be through a contract with, or a manager or even a general partner of, the sponsored investment funds. The company maintains an investment in the funds that it sponsors. 

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