Brave Asset Management Inc. decreased its holdings in Annaly Capital Management Inc (NYSE:NLY) by 10.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,573 shares of the real estate investment trust’s stock after selling 17,306 shares during the quarter. Brave Asset Management Inc.’s holdings in Annaly Capital Management were worth $1,835,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of NLY. Balentine LLC acquired a new stake in Annaly Capital Management during the 2nd quarter worth about $114,000. Advisory Services Network LLC lifted its position in Annaly Capital Management by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 806 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in Annaly Capital Management during the 3rd quarter worth about $122,000. Signet Financial Management LLC acquired a new stake in Annaly Capital Management during the 2nd quarter worth about $126,000. Finally, Staley Capital Advisers Inc. acquired a new stake in Annaly Capital Management during the 3rd quarter worth about $126,000. 54.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Annaly Capital Management Inc (NYSE:NLY) traded up $0.19 on Tuesday, reaching $11.99. The company’s stock had a trading volume of 12,073,900 shares, compared to its average volume of 8,508,715. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. The firm has a market cap of $13,870.00, a PE ratio of 9.75, a P/E/G ratio of 2.26 and a beta of 0.22.
In related news, CEO Kevin Keyes acquired 300,000 shares of Annaly Capital Management stock in a transaction on Monday, November 6th. The stock was acquired at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donnell Segalas acquired 9,800 shares of Annaly Capital Management stock in a transaction on Friday, November 10th. The shares were bought at an average price of $11.34 per share, with a total value of $111,132.00. Following the purchase, the director now directly owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Insiders have acquired a total of 334,800 shares of company stock valued at $3,740,382 in the last quarter. Company insiders own 0.43% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Annaly Capital Management currently has a consensus rating of “Hold” and an average price target of $11.77.
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About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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