Western Asset Mortgage Capital Corp (WMC) Holdings Reduced by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in Western Asset Mortgage Capital Corp (NYSE:WMC) by 44.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,082 shares of the financial services provider’s stock after selling 77,480 shares during the quarter. California Public Employees Retirement System owned about 0.23% of Western Asset Mortgage Capital worth $991,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of WMC. BlackRock Inc. raised its position in shares of Western Asset Mortgage Capital by 4.6% during the second quarter. BlackRock Inc. now owns 3,926,401 shares of the financial services provider’s stock worth $40,913,000 after acquiring an additional 174,385 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Western Asset Mortgage Capital by 54.4% during the second quarter. Renaissance Technologies LLC now owns 1,358,100 shares of the financial services provider’s stock worth $14,151,000 after acquiring an additional 478,400 shares during the last quarter. Northern Trust Corp raised its position in shares of Western Asset Mortgage Capital by 1.7% during the first quarter. Northern Trust Corp now owns 487,845 shares of the financial services provider’s stock worth $4,728,000 after acquiring an additional 8,100 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Western Asset Mortgage Capital by 3.7% during the second quarter. Van ECK Associates Corp now owns 213,530 shares of the financial services provider’s stock worth $2,225,000 after acquiring an additional 7,566 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Western Asset Mortgage Capital by 7.0% during the first quarter. Guggenheim Capital LLC now owns 90,193 shares of the financial services provider’s stock worth $873,000 after acquiring an additional 5,865 shares during the last quarter. 43.21% of the stock is currently owned by institutional investors.

Separately, ValuEngine downgraded Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th.

WMC stock opened at $10.10 on Friday. The firm has a market cap of $424.49 million, a PE ratio of 8.78 and a beta of 0.43. Western Asset Mortgage Capital Corp has a twelve month low of $8.54 and a twelve month high of $11.38. The company has a quick ratio of 832.49, a current ratio of 832.49 and a debt-to-equity ratio of 9.98.

Western Asset Mortgage Capital (NYSE:WMC) last released its earnings results on Wednesday, November 7th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $15.94 million during the quarter, compared to the consensus estimate of $19.20 million. Western Asset Mortgage Capital had a return on equity of 11.92% and a net margin of 37.46%. The firm’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Thursday, September 27th were issued a $0.31 dividend. The ex-dividend date was Wednesday, September 26th. This represents a $1.24 dividend on an annualized basis and a yield of 12.28%. Western Asset Mortgage Capital’s dividend payout ratio is presently 107.83%.

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About Western Asset Mortgage Capital

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, and other financial assets.

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

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