Allianz Asset Management AG Boosts Stake in Western Asset Mortgage Capital Corp (WMC)

Allianz Asset Management AG raised its stake in Western Asset Mortgage Capital Corp (NYSE:WMC) by 37.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,712 shares of the financial services provider’s stock after buying an additional 12,234 shares during the period. Allianz Asset Management AG owned about 0.11% of Western Asset Mortgage Capital Corp worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WMC. California Public Employees Retirement System increased its position in shares of Western Asset Mortgage Capital Corp by 1.5% in the third quarter. California Public Employees Retirement System now owns 156,400 shares of the financial services provider’s stock valued at $1,630,000 after buying an additional 2,300 shares during the period. Wells Fargo & Company MN boosted its position in shares of Western Asset Mortgage Capital Corp by 16.8% in the third quarter. Wells Fargo & Company MN now owns 28,193 shares of the financial services provider’s stock valued at $294,000 after buying an additional 4,050 shares in the last quarter. Aperio Group LLC boosted its position in shares of Western Asset Mortgage Capital Corp by 13.0% in the third quarter. Aperio Group LLC now owns 25,123 shares of the financial services provider’s stock valued at $262,000 after buying an additional 2,898 shares in the last quarter. IndexIQ Advisors LLC boosted its position in shares of Western Asset Mortgage Capital Corp by 24.3% in the third quarter. IndexIQ Advisors LLC now owns 40,689 shares of the financial services provider’s stock valued at $424,000 after buying an additional 7,956 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Western Asset Mortgage Capital Corp by 24.5% in the third quarter. UBS Asset Management Americas Inc. now owns 41,192 shares of the financial services provider’s stock valued at $429,000 after buying an additional 8,100 shares in the last quarter. 33.73% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Western Asset Mortgage Capital Corp (NYSE:WMC)

Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 1.022% on Friday, reaching $10.375. 289,082 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $9.93 and a 200 day moving average price of $10.20. Western Asset Mortgage Capital Corp has a 12-month low of $8.71 and a 12-month high of $11.18. The stock’s market cap is $434.91 million.

Western Asset Mortgage Capital Corp (NYSE:WMC) last posted its earnings results on Monday, March 6th. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.10. Western Asset Mortgage Capital Corp had a negative net margin of 5.53% and a positive return on equity of 9.54%. The company had revenue of $26.73 million for the quarter, compared to analysts’ expectations of $22.08 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Western Asset Mortgage Capital Corp’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts forecast that Western Asset Mortgage Capital Corp will post $1.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.24 annualized dividend and a dividend yield of 12.07%. Western Asset Mortgage Capital Corp’s dividend payout ratio is presently -688.85%.

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Several brokerages recently issued reports on WMC. Zacks Investment Research upgraded shares of Western Asset Mortgage Capital Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Wunderlich cut shares of Western Asset Mortgage Capital Corp from a “buy” rating to a “hold” rating and reduced their price target for the company from $11.50 to $10.00 in a research report on Thursday, January 5th. Five investment analysts have rated the stock with a hold rating, Western Asset Mortgage Capital Corp presently has a consensus rating of “Hold” and an average price target of $10.40.

In other Western Asset Mortgage Capital Corp news, insider Jennifer Murphy purchased 5,000 shares of Western Asset Mortgage Capital Corp stock in a transaction dated Wednesday, March 8th. The shares were acquired at an average price of $9.67 per share, with a total value of $48,350.00. Following the completion of the transaction, the insider now owns 15,000 shares of the company’s stock, valued at $145,050. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Western Asset Mortgage Capital Corp Company Profile

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

5 Day Chart for NYSE:WMC

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