Renaissance Technologies LLC Boosts Holdings in CAPSTEAD Mtg Co/SH (CMO)

Renaissance Technologies LLC raised its position in CAPSTEAD Mtg Co/SH (NYSE:CMO) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,303,646 shares of the real estate investment trust’s stock after purchasing an additional 67,132 shares during the quarter. Renaissance Technologies LLC’s holdings in CAPSTEAD Mtg Co/SH were worth $20,618,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMO. BlackRock Inc. raised its position in CAPSTEAD Mtg Co/SH by 7.2% in the second quarter. BlackRock Inc. now owns 14,628,584 shares of the real estate investment trust’s stock valued at $130,925,000 after purchasing an additional 980,304 shares during the last quarter. Millennium Management LLC bought a new position in shares of CAPSTEAD Mtg Co/SH during the first quarter worth about $5,013,000. Paradice Investment Management LLC raised its position in shares of CAPSTEAD Mtg Co/SH by 7.6% during the second quarter. Paradice Investment Management LLC now owns 6,542,541 shares of the real estate investment trust’s stock worth $58,556,000 after acquiring an additional 464,797 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of CAPSTEAD Mtg Co/SH during the second quarter worth about $1,309,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of CAPSTEAD Mtg Co/SH during the first quarter worth about $1,157,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Shares of CMO opened at $8.03 on Tuesday. CAPSTEAD Mtg Co/SH has a 1 year low of $7.98 and a 1 year high of $9.89. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 13.11. The stock has a market cap of $749.27 million, a PE ratio of 14.73 and a beta of 0.10.

CAPSTEAD Mtg Co/SH (NYSE:CMO) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). CAPSTEAD Mtg Co/SH had a return on equity of 7.22% and a net margin of 27.90%. The company had revenue of $65.51 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, September 28th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.48%.

A number of brokerages have recently issued reports on CMO. ValuEngine upgraded CAPSTEAD Mtg Co/SH from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. JMP Securities downgraded CAPSTEAD Mtg Co/SH from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 31st. Finally, Keefe, Bruyette & Woods set a $9.00 price objective on CAPSTEAD Mtg Co/SH and gave the stock a “hold” rating in a research report on Friday, July 27th.

CAPSTEAD Mtg Co/SH Company Profile

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.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for CAPSTEAD Mtg Co/SH (NYSE:CMO)

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