Systematic Financial Management LP reduced its stake in shares of Dynex Capital Inc. (NYSE:DX) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,249 shares of the company’s stock after selling 4,285 shares during the period. Systematic Financial Management LP owned approximately 0.38% of Dynex Capital worth $1,306,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in DX. Sterneck Capital Management LLC increased its position in Dynex Capital by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 17,374 shares of the company’s stock valued at $116,000 after buying an additional 54 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Dynex Capital by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 47,235 shares of the company’s stock valued at $329,000 after buying an additional 1,821 shares during the last quarter. Royal Bank of Canada increased its position in Dynex Capital by 12.3% in the first quarter. Royal Bank of Canada now owns 59,521 shares of the company’s stock valued at $396,000 after buying an additional 6,516 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Dynex Capital by 16.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,526 shares of the company’s stock valued at $448,000 after buying an additional 9,331 shares during the last quarter. Finally, First Quadrant L P CA increased its position in Dynex Capital by 116.0% in the second quarter. First Quadrant L P CA now owns 20,300 shares of the company’s stock valued at $141,000 after buying an additional 10,900 shares during the last quarter. 43.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dynex Capital Inc. (NYSE:DX) traded up 0.3938% during midday trading on Monday, reaching $7.4693. The company’s stock had a trading volume of 40,715 shares. The company has a 50 day moving average of $7.40 and a 200-day moving average of $6.91. Dynex Capital Inc. has a 52 week low of $5.22 and a 52 week high of $7.61. The stock’s market capitalization is $367.09 million.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The business earned $16.72 million during the quarter, compared to analyst estimates of $16.56 million. Dynex Capital had a negative net margin of 45.32% and a positive return on equity of 13.04%. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts predict that Dynex Capital Inc. will post $1.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 5th will be paid a $0.21 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 11.23%. Dynex Capital’s dividend payout ratio is presently -80.00%.
Several research firms recently issued reports on DX. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Credit Suisse Group AG reissued a “hold” rating and issued a $7.25 target price on shares of Dynex Capital in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Dynex Capital currently has a consensus rating of “Hold” and an average price target of $7.20.
In related news, Director Thomas B. Akin sold 66,103 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $7.51, for a total transaction of $496,433.53. Following the sale, the director now owns 1,270,289 shares of the company’s stock, valued at $9,539,870.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas B. Akin sold 89,476 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $6.86, for a total transaction of $613,805.36. Following the sale, the director now directly owns 1,308,472 shares in the company, valued at approximately $8,976,117.92. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by company insiders.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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