QS Investors LLC Grows Position in Capstead Mortgage Co. (CMO)

QS Investors LLC raised its stake in Capstead Mortgage Co. (NYSE:CMO) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,421 shares of the real estate investment trust’s stock after acquiring an additional 7,735 shares during the period. QS Investors LLC owned approximately 0.06% of Capstead Mortgage worth $531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMO. Crossmark Global Holdings Inc. acquired a new position in Capstead Mortgage in the 3rd quarter valued at $257,000. BNP Paribas Arbitrage SA raised its holdings in Capstead Mortgage by 43.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 60,783 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 18,524 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Capstead Mortgage by 34.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 52,700 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 13,360 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Capstead Mortgage by 90.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 198,142 shares of the real estate investment trust’s stock valued at $1,912,000 after acquiring an additional 93,965 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Capstead Mortgage in the 3rd quarter valued at $223,000. 75.08% of the stock is owned by hedge funds and other institutional investors.

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Capstead Mortgage stock opened at $8.55 on Friday. Capstead Mortgage Co. has a 52 week low of $8.17 and a 52 week high of $11.41. The company has a quick ratio of 12.11, a current ratio of 12.11 and a debt-to-equity ratio of 12.58. The stock has a market capitalization of $799.84, a price-to-earnings ratio of 13.36 and a beta of 0.15.

Capstead Mortgage (NYSE:CMO) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Capstead Mortgage had a return on equity of 7.56% and a net margin of 34.10%. The company had revenue of $22.70 million for the quarter, compared to analyst estimates of $24.55 million. During the same quarter last year, the company posted $0.14 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.64 annualized dividend and a dividend yield of 7.49%. Capstead Mortgage’s payout ratio is 115.15%.

CMO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upgraded Capstead Mortgage from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. ValuEngine upgraded Capstead Mortgage from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

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About Capstead Mortgage

Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).

Institutional Ownership by Quarter for Capstead Mortgage (NYSE:CMO)

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