Western Asset Mortgage Capital Corp (NYSE:WMC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.04 and traded as high as $10.53. Western Asset Mortgage Capital shares last traded at $10.48, with a volume of 308,864 shares.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. ValuEngine downgraded Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Monday, December 16th. Finally, Bank of America decreased their price target on Western Asset Mortgage Capital from $10.75 to $10.50 and set a “buy” rating for the company in a research note on Monday, September 23rd.
The firm has a 50 day moving average of $10.43 and a two-hundred day moving average of $10.04. The stock has a market cap of $557.75 million, a P/E ratio of 13.27 and a beta of 0.75. The company has a debt-to-equity ratio of 8.05, a quick ratio of 709.60 and a current ratio of 709.60.
Western Asset Mortgage Capital (NYSE:WMC) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). Western Asset Mortgage Capital had a net margin of 18.47% and a return on equity of 11.66%. The business had revenue of $16.57 million for the quarter, compared to the consensus estimate of $20.95 million. During the same quarter in the previous year, the company earned $0.33 EPS. On average, sell-side analysts anticipate that Western Asset Mortgage Capital Corp will post 1.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, December 27th. This represents a $1.24 annualized dividend and a yield of 11.83%. Western Asset Mortgage Capital’s payout ratio is 91.18%.
In related news, CFO Lisa Meyer sold 2,925 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $10.32, for a total transaction of $30,186.00. Following the completion of the sale, the chief financial officer now owns 10,307 shares in the company, valued at approximately $106,368.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of WMC. Nuveen Asset Management LLC acquired a new position in Western Asset Mortgage Capital in the 2nd quarter valued at approximately $4,023,000. Vanguard Group Inc. raised its holdings in shares of Western Asset Mortgage Capital by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,528,393 shares of the financial services provider’s stock worth $25,233,000 after buying an additional 371,971 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Western Asset Mortgage Capital in the 3rd quarter worth approximately $2,205,000. BlackRock Inc. raised its holdings in shares of Western Asset Mortgage Capital by 3.8% in the 2nd quarter. BlackRock Inc. now owns 5,102,019 shares of the financial services provider’s stock worth $50,919,000 after buying an additional 186,780 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Western Asset Mortgage Capital by 1,566.2% in the 3rd quarter. Millennium Management LLC now owns 191,668 shares of the financial services provider’s stock worth $1,849,000 after buying an additional 180,165 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.
About Western Asset Mortgage Capital (NYSE:WMC)
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets.
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