Western Asset Mortgage Capital (NYSE:WMC) Downgraded by ValuEngine

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ValuEngine lowered shares of Western Asset Mortgage Capital (NYSE:WMC) from a hold rating to a sell rating in a research report sent to investors on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research lowered Western Asset Mortgage Capital from a hold rating to a sell rating in a research report on Sunday, July 14th.

Shares of Western Asset Mortgage Capital stock opened at $9.60 on Tuesday. The stock’s fifty day moving average is $10.00 and its 200-day moving average is $10.11. The firm has a market capitalization of $520.00 million, a PE ratio of 7.06 and a beta of 0.78. The company has a quick ratio of 943.01, a current ratio of 943.01 and a debt-to-equity ratio of 8.45. Western Asset Mortgage Capital has a 12-month low of $8.26 and a 12-month high of $11.38.

Western Asset Mortgage Capital (NYSE:WMC) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $15.86 million for the quarter, compared to analyst estimates of $20.80 million. Western Asset Mortgage Capital had a return on equity of 11.60% and a net margin of 18.19%. During the same period last year, the firm earned $0.36 earnings per share. Analysts expect that Western Asset Mortgage Capital will post 1.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 1st were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.92%. The ex-dividend date was Friday, June 28th. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is presently 91.18%.

In other Western Asset Mortgage Capital news, CIO Harris Trifon purchased 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $10.05 per share, with a total value of $35,175.00. Following the completion of the transaction, the executive now owns 6,003 shares of the company’s stock, valued at $60,330.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer Murphy purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $9.98 per share, for a total transaction of $99,800.00. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $848,300. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of WMC. Catalyst Capital Advisors LLC acquired a new position in Western Asset Mortgage Capital during the first quarter valued at $26,000. Bank of Montreal Can raised its position in Western Asset Mortgage Capital by 1,481.5% during the second quarter. Bank of Montreal Can now owns 4,270 shares of the financial services provider’s stock valued at $43,000 after buying an additional 4,000 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Western Asset Mortgage Capital during the second quarter valued at $76,000. BNP Paribas Arbitrage SA raised its position in Western Asset Mortgage Capital by 139.4% during the first quarter. BNP Paribas Arbitrage SA now owns 9,737 shares of the financial services provider’s stock valued at $100,000 after buying an additional 5,669 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in Western Asset Mortgage Capital during the second quarter valued at $100,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Mortgage Capital Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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