Insider Selling: Western Asset Mortgage Capital Corp (NYSE:WMC) CFO Sells 2,925 Shares of Stock

Western Asset Mortgage Capital Corp (NYSE:WMC) CFO Lisa Meyer sold 2,925 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $10.32, for a total transaction of $30,186.00. Following the completion of the transaction, the chief financial officer now owns 10,307 shares of the company’s stock, valued at $106,368.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of WMC traded up $0.10 during trading hours on Friday, hitting $10.39. The stock had a trading volume of 273,600 shares, compared to its average volume of 297,300. The company has a debt-to-equity ratio of 8.05, a quick ratio of 709.60 and a current ratio of 709.60. The firm has a 50-day moving average price of $10.39 and a 200 day moving average price of $10.02. Western Asset Mortgage Capital Corp has a fifty-two week low of $9.05 and a fifty-two week high of $10.75. The firm has a market capitalization of $547.63 million, a price-to-earnings ratio of 7.60 and a beta of 0.75.

Western Asset Mortgage Capital (NYSE:WMC) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $16.57 million during the quarter, compared to analyst estimates of $20.95 million. Western Asset Mortgage Capital had a net margin of 18.47% and a return on equity of 11.66%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, analysts predict that Western Asset Mortgage Capital Corp will post 1.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 11.93%. The ex-dividend date of this dividend is Friday, December 27th. Western Asset Mortgage Capital’s payout ratio is presently 91.18%.

Several equities analysts recently issued reports on WMC shares. ValuEngine cut shares of Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Monday, December 16th. Bank of America decreased their target price on shares of Western Asset Mortgage Capital from $10.75 to $10.50 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Zacks Investment Research upgraded shares of Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in Western Asset Mortgage Capital by 1,481.5% in the 2nd quarter. Bank of Montreal Can now owns 4,270 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 4,000 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Western Asset Mortgage Capital in the 2nd quarter worth $100,000. CAPROCK Group Inc. purchased a new stake in Western Asset Mortgage Capital in the 3rd quarter worth $116,000. Strs Ohio increased its holdings in Western Asset Mortgage Capital by 11.9% in the 3rd quarter. Strs Ohio now owns 14,100 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Zebra Capital Management LLC increased its holdings in Western Asset Mortgage Capital by 36.8% in the 2nd quarter. Zebra Capital Management LLC now owns 18,081 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 4,865 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

Western Asset Mortgage Capital Company Profile

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, securitized commercial loans, and other financial assets.

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