Pinebridge Investments L.P. decreased its position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) by 28.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,608 shares of the real estate investment trust’s stock after selling 37,099 shares during the period. Pinebridge Investments L.P. owned 0.07% of Invesco Mortgage Capital worth $1,477,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horan Securities Inc. acquired a new position in Invesco Mortgage Capital during the second quarter worth approximately $30,000. NEXT Financial Group Inc acquired a new position in shares of Invesco Mortgage Capital in the second quarter valued at approximately $36,000. Victory Capital Management Inc. purchased a new stake in shares of Invesco Mortgage Capital in the first quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Invesco Mortgage Capital in the second quarter valued at approximately $64,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Invesco Mortgage Capital in the first quarter valued at approximately $65,000. 64.15% of the stock is currently owned by institutional investors.
In other Invesco Mortgage Capital news, Director Edward J. Hardin purchased 2,500 shares of Invesco Mortgage Capital stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $15.73 per share, with a total value of $39,325.00. Following the completion of the acquisition, the director now owns 35,357 shares of the company’s stock, valued at approximately $556,165.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mario Clemente purchased 2,000 shares of Invesco Mortgage Capital stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $15.71 per share, with a total value of $31,420.00. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.
Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. Invesco Mortgage Capital had a positive return on equity of 12.51% and a negative net margin of 6.91%. The company had revenue of $29.71 million for the quarter, compared to the consensus estimate of $76.20 million. During the same period in the previous year, the business earned $0.41 earnings per share.
Separately, TheStreet downgraded Invesco Mortgage Capital from a “c” rating to a “d+” rating in a research note on Thursday, August 8th.
Invesco Mortgage Capital Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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