Re: Do we hold 15?
I would be surprised to see another secondary. At this point, the analysts and NRZ management have indicated that the firm has excess capital. IMHO, the buyback authority will be used to remedy the problem, which has been a drag on earnings, and to reduce the firmís cost of capital.
It is my guess that NRZ has been buying back shares to increase EPS and reduce dividends payable this quarter. They are scheduled to announce the dividend in the next 10 days or so and will trade ex-div. by the end of the month. If they wish to reduce the count of common shares, now is the time to do so, especially since NRZ is trading below book value.