Western Asset Mortgage Capital Co. (NYSE: WMC – Get a Score) saw a significant drop in short-term interest rates in March. As of March 31, there was short-term interest in a total of 699,100 shares, down 31.5% from the total of 1,020,000 shares as of March 15. Currently, 1.2% of the company’s shares are open for sale. Based on an average daily trading volume of 410,300 shares, the short-term interest rate is currently 1.7 days.
Some venture capital funds and other institutional investors have recently added or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Western Asset Mortgage Capital by 6.3% in the second quarter. Bank of America Corp DE now owns 93,240 shares of the $ 303,000 financial services provider after buying an additional 5,545 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Western Asset Mortgage Capital by 56.9% in the fourth quarter. Squarepoint Ops LLC now holds 19,671 shares of the $ 42,000 financial services provider after buying an additional 7,137 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Western Asset Mortgage Capital by 45.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,173 shares of the $ 57,000 financial services provider after buying an additional 8,437 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Western Asset Mortgage Capital by 44.5% in the third quarter. Commonwealth Equity Services LLC now owns 31,431 shares of the $ 82,000 financial services provider after buying an additional 9,678 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Western Asset Mortgage Capital in the fourth quarter, valued at approximately $ 32,000. 43.47% of the share currently belongs to institutional investors.
Some stock analysts have recently commented on WMC shares. Bank of America cut its Western Asset Mortgage Capital price target from $ 3.00 to $ 2.00 and set a “return” rating for the stock in a research note on Wednesday, March 9th. Zacks Investment Research cut Western Asset Mortgage Capital from a “hold” rating to “sell” in a research note on Wednesday, April 6th. After all, StockNews.com began covering Western Asset Mortgage Capital in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
WMC stock remained stable at $ 1.55 during trading on Friday. The company had a trading volume of 167,381 shares, compared to an average volume of 416,413. Western Asset Mortgage Capital has a fifty-two-week low of $ 1.53 and a fifty-two-week high of $ 4.19. The simple fifty-day moving average of the business is $ 1.77 and the simple 200-day moving average is $ 2.12. The company has a fast index of 534.84, a current transactions index of 534.84 and a debt-to-equity ratio of 12.72.
Western Asset Mortgage Fund (NYSE: WMC – Get a Score) last published its earnings results on Wednesday 2 March. The financial services provider reported earnings of $ 0.01 per share for the quarter, excluding analysts’ consensus estimates of $ 0.06 against ($ 0.05). Western Asset Mortgage Capital had a positive return on equity of 6.09% and a negative net margin of 29.55%. In the same period last year, the company earned $ 0.12 EPS. On average, stock analysts expect Western Asset Mortgage Capital to release EPS 0.25 for the current year.
The company recently announced a quarterly dividend, which will be paid on Tuesday, April 26. Record investors on Monday, April 4 will receive a dividend of $ 0.04 per share. This represents a dividend of $ 0.16 on an annual basis and a yield of 10.32%. The cut-off date for this dividend is Friday, April 1st. The Western Asset Mortgage Capital (DPR) dividend payment ratio is currently -20.00%.
About Western Asset Mortgage Capital (Get a Score)
Western Asset Mortgage Capital Corporation acts as a real estate investment trust. Invests, acquires and manages an asset portfolio focusing on residential real estate investments, including unapproved mortgages, non-mortgaged securities (RMBSs) and other related investments.
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