Western Asset Mortgage Capital Co. (NYSE:WMC – Get Rating) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 77,900 shares, a decrease of 21.7% from the December 31st total of 99,500 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.3% of the company’s shares are short sold.
Analyst Ratings Changes
→ The Next Big Crisis Is Here (From Porter & Company)
Several equities research analysts have issued reports on the company. StockNews.com upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a report on Friday, November 18th. Jonestrading reaffirmed a “buy” rating and set a $17.50 price objective on shares of Western Asset Mortgage Capital in a research report on Friday, January 20th.
Western Asset Mortgage Capital Trading Up 3.4 %
WMC opened at $11.12 on Friday. The company has a current ratio of 628.35, a quick ratio of 628.35 and a debt-to-equity ratio of 25.40. Western Asset Mortgage Capital has a 12 month low of $7.00 and a 12 month high of $22.00. The business’s 50-day moving average price is $9.36 and its 200-day moving average price is $11.16.
Western Asset Mortgage Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 26th. Investors of record on Tuesday, January 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 14.39%. The ex-dividend date of this dividend was Friday, December 30th. Western Asset Mortgage Capital’s dividend payout ratio is currently -9.62%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in WMC. International Assets Investment Management LLC bought a new position in Western Asset Mortgage Capital in the 4th quarter worth about $27,000. Wolverine Asset Management LLC purchased a new position in shares of Western Asset Mortgage Capital during the third quarter worth $98,000. Renaissance Technologies LLC raised its holdings in shares of Western Asset Mortgage Capital by 127.2% during the second quarter. Renaissance Technologies LLC now owns 221,200 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 123,860 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Western Asset Mortgage Capital during the first quarter worth $97,000. Finally, Goldman Sachs Group Inc. increased its holdings in Western Asset Mortgage Capital by 103.7% in the first quarter. Goldman Sachs Group Inc. now owns 55,351 shares of the financial services provider’s stock valued at $94,000 after buying an additional 28,178 shares in the last quarter. Institutional investors own 20.53% of the company’s stock.
About Western Asset Mortgage Capital
Western Asset Mortgage Capital Corp. operates as a real estate investment trust. The firm engages in managing a diversified portfolio of assets. It focuses on investing in, financing and managing real estate related securities, whole loans and other financial assets. The company was founded on June 3, 2009 and is headquartered in Salt Lake City, UT.
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