Secret Bull Market Starts in This Unusual Sector

"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.

Click for my No. 1 investment, all free of charge, click here.

Michael Nierenberg net worth and biography

Michael Nierenberg Biography and Net Worth

CEO of Rithm Capital

Mr. Nierenberg was appointed as our Chairman of the Board in May 2016, and our Chief Executive Officer and President in November 2013. Prior to becoming Chief Executive Officer of New Residential, Mr. Nierenberg served as managing director and head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch. Mr. Nierenberg joined Bank of America Merrill Lynch in November 2008 from J.P. Morgan, where he was head of Global Securitized Products and a member of the management committee of the investment bank. Prior to his tenure at J.P. Morgan, Mr. Nierenberg held a range of senior leadership positions during fourteen years with Bear Stearns, including head of interest rate and foreign exchange trading operations, co-head of structured products and co-head of mortgage-backed securities trading. From 2006 to 2008, he was a member of Bear Stearns’s Board of Directors. Mr. Nierenberg spent seven years at Lehman Brothers prior to joining Bear Stearns and was instrumental in building the company’s adjustable rate mortgage business.

What is Michael Nierenberg's net worth?: The estimated net worth of Michael Nierenberg is at least $3.86 million as of April 19th, 2021. Mr. Nierenberg owns 357,028 shares of Rithm Capital stock worth more than $3,863,043 as of April 19th. This net worth approximation does not reflect any other assets that Mr. Nierenberg may own. Additionally, Mr. Nierenberg receives an annual salary of $4,400,000.00 as CEO at Rithm Capital. Learn More about Michael Nierenberg's net worth.
How old is Michael Nierenberg?: Mr. Nierenberg is currently 61 years old. There are 3 older executives and no younger executives at Rithm Capital. Learn More on Michael Nierenberg's age.
What is Michael Nierenberg's salary?: As the CEO of Rithm Capital Corp., Mr. Nierenberg earns $4,400,000.00 per year. Learn More on Michael Nierenberg's salary.
How do I contact Michael Nierenberg?: The corporate mailing address for Mr. Nierenberg and other Rithm Capital executives is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. Rithm Capital can also be reached via phone at (212) 798-3150 and via email at [email protected]. Learn More on Michael Nierenberg's contact information.
Has Michael Nierenberg been buying or selling shares of Rithm Capital?: Michael Nierenberg has not been actively trading shares of Rithm Capital over the course of the past ninety days. Most recently, on Monday, April 19th, Michael Nierenberg bought 100,000 shares of Rithm Capital stock. The stock was acquired at an average cost of $10.10 per share, with a total value of $1,010,000.00. Following the completion of the transaction, the chief executive officer now directly owns 357,028 shares of the company's stock, valued at $3,605,982.80. Learn More on Michael Nierenberg's trading history.
Who are Rithm Capital's active insiders?: Rithm Capital's insider roster includes Robert Mcginnis (Director), Michael Nierenberg (CEO), and Alan Tyson (Director). Learn More on Rithm Capital's active insiders.

Michael Nierenberg Insider Trading History at Rithm Capital

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
4/19/2021	Buy	100,000	$10.10	$1,010,000.00	357,028
2/22/2019	Buy	60,000	$16.50	$990,000.00	995,352
6/26/2018	Sell	339,177	$18.30	$6,206,939.10	2,085,352
2/3/2017	Buy	18,600	$15.00	$279,000.00	935,352
6/15/2015	Buy	9,100	$16.05	$146,055.00
4/13/2015	Buy	250,000	$15.25	$3,812,500.00
4/30/2014	Buy	1,000,000	$6.10	$6,100,000.00

Michael Nierenberg Buying and Selling Activity at Rithm Capital

Rithm Capital Company Overview

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is based in New York, New York.

Today's Range

Now: $10.82

$10.63

$10.85

50 Day Range

MA: $10.82

$10.17

$11.33

2 Week Range

Now: $10.82

$7.59

$11.33

Volume

2,226,301 shs

Average Volume

3,469,542 shs

Market Capitalization

$5.24 billion

P/E Ratio

9.84

Dividend Yield

9.49%

Beta

1.82

Secret Bull Market Starts in This Unusual Sector

From Altimetry | Ad