CAPSTEAD MTG CO/SH (NYSE:CMO) Trading Up 23.4%

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Shares of CAPSTEAD MTG CO/SH (NYSE:CMO) were up 23.4% during trading on Wednesday . The stock traded as high as $3.48 and last traded at $4.11, approximately 397,076 shares traded hands during mid-day trading. A decline of 75% from the average daily volume of 1,590,372 shares. The stock had previously closed at $3.33.

Several research analysts have issued reports on CMO shares. Bank of America started coverage on shares of CAPSTEAD MTG CO/SH in a report on Monday, January 27th. They set a “neutral” rating on the stock. ValuEngine cut shares of CAPSTEAD MTG CO/SH from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd.

The company has a debt-to-equity ratio of 12.61, a quick ratio of 10.32 and a current ratio of 10.32. The company’s fifty day simple moving average is $6.82 and its 200-day simple moving average is $7.53. The company has a market capitalization of $320.33 million, a P/E ratio of -7.25 and a beta of 0.82.

CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. CAPSTEAD MTG CO/SH had a negative net margin of 10.94% and a positive return on equity of 7.95%. The company had revenue of $74.28 million for the quarter. On average, sell-side analysts predict that CAPSTEAD MTG CO/SH will post 0.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 12.17%. The ex-dividend date is Monday, March 30th. CAPSTEAD MTG CO/SH’s payout ratio is 120.00%.

In other CAPSTEAD MTG CO/SH news, SVP Roy Kim bought 10,800 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $7.67 per share, for a total transaction of $82,836.00. 2.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CMO. Marshall Wace North America L.P. bought a new stake in shares of CAPSTEAD MTG CO/SH in the 1st quarter valued at about $67,000. California Public Employees Retirement System raised its position in shares of CAPSTEAD MTG CO/SH by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 199,642 shares of the real estate investment trust’s stock valued at $1,467,000 after purchasing an additional 11,026 shares during the last quarter. State Street Corp raised its position in shares of CAPSTEAD MTG CO/SH by 1.3% in the 3rd quarter. State Street Corp now owns 3,053,243 shares of the real estate investment trust’s stock valued at $22,807,000 after purchasing an additional 38,495 shares during the last quarter. California State Teachers Retirement System raised its position in shares of CAPSTEAD MTG CO/SH by 12.1% in the 3rd quarter. California State Teachers Retirement System now owns 145,725 shares of the real estate investment trust’s stock valued at $1,071,000 after purchasing an additional 15,728 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of CAPSTEAD MTG CO/SH in the 4th quarter valued at approximately $159,000. Institutional investors and hedge funds own 83.44% of the company’s stock.

CAPSTEAD MTG CO/SH Company Profile (NYSE:CMO)

Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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