PNC Financial Services Group Inc. boosted its position in Dynex Capital Inc. (NYSE:DX) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,235 shares of the company’s stock after buying an additional 1,821 shares during the period. PNC Financial Services Group Inc. owned approximately 0.10% of Dynex Capital worth $329,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Sterneck Capital Management LLC increased its position in shares of 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. First Quadrant L P CA increased its position in shares of 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. Daiwa Securities Group Inc. bought a new position in shares of Dynex Capital during the second quarter valued at approximately $156,000. Emerald Acquisition Ltd. bought a new position in shares of Dynex Capital during the second quarter valued at approximately $222,000. Finally, GSA Capital Partners LLP bought a new position in shares of Dynex Capital during the second quarter valued at approximately $338,000. 43.87% of the stock is owned by institutional investors.
Shares of Dynex Capital Inc. (NYSE:DX) traded down 0.3781% during trading on Thursday, reaching $7.3521. 109,962 shares of the company’s stock traded hands. The company’s 50-day moving average is $7.40 and its 200 day moving average is $6.93. Dynex Capital Inc. has a 52-week low of $5.22 and a 52-week high of $7.61. The company’s market cap is $361.33 million.
Dynex Capital (NYSE:DX) last announced its quarterly earnings results 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 had revenue of $16.72 million for the quarter, compared to the consensus estimate of $16.56 million. Dynex Capital had a positive return on equity of 13.04% and a negative net margin of 45.32%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. Equities analysts forecast that Dynex Capital Inc. will post $1.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend is Monday, October 3rd. Dynex Capital’s dividend payout ratio is -80.00%.
Several equities analysts recently commented on DX shares. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Credit Suisse Group AG reissued a “hold” rating and issued a $7.25 price objective on shares of Dynex Capital in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.20.
In other news, Director Thomas B. Akin sold 66,103 shares of Dynex Capital stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $7.51, for a total value of $496,433.53. Following the completion of the transaction, the director now owns 1,270,289 shares in the company, valued at $9,539,870.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas B. Akin sold 69,426 shares of Dynex Capital stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $6.71, for a total transaction of $465,848.46. Following the completion of the transaction, the director now owns 1,308,472 shares of the company’s stock, valued at approximately $8,779,847.12. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
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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