SG Americas Securities LLC Has $921,000 Stake in Western Asset Mortgage Capital Corp (WMC)

SG Americas Securities LLC grew its stake in Western Asset Mortgage Capital Corp (NYSE:WMC) by 19.4% in the 1st quarter, Holdings Channel reports. The firm owned 90,015 shares of the financial services provider’s stock after purchasing an additional 14,624 shares during the period. SG Americas Securities LLC’s holdings in Western Asset Mortgage Capital were worth $921,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of Western Asset Mortgage Capital by 21.5% in the 3rd quarter. Legal & General Group Plc now owns 6,845 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,212 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in shares of Western Asset Mortgage Capital by 4.0% in the 4th quarter. IndexIQ Advisors LLC now owns 37,204 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 1,440 shares during the last quarter. Strs Ohio lifted its stake in shares of Western Asset Mortgage Capital by 15.6% in the 4th quarter. Strs Ohio now owns 12,600 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,700 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Western Asset Mortgage Capital by 11.3% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 37,034 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 3,749 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Western Asset Mortgage Capital by 14.7% in the 4th quarter. American International Group Inc. now owns 30,799 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 3,956 shares during the last quarter. 47.28% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WMC opened at $10.03 on Friday. The company has a current ratio of 700.59, a quick ratio of 700.59 and a debt-to-equity ratio of 7.51. Western Asset Mortgage Capital Corp has a fifty-two week low of $8.26 and a fifty-two week high of $11.38. The company has a market capitalization of $482.24 million, a PE ratio of 7.41 and a beta of 0.74.

Western Asset Mortgage Capital (NYSE:WMC) last issued its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Western Asset Mortgage Capital had a return on equity of 11.99% and a net margin of 13.99%. The firm had revenue of $15.63 million for the quarter, compared to the consensus estimate of $20.90 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Western Asset Mortgage Capital Corp will post 1.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 1st were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.24 annualized dividend and a dividend yield of 12.36%. Western Asset Mortgage Capital’s payout ratio is 91.18%.

In other Western Asset Mortgage Capital news, insider Dennis Joseph Mcnamara purchased 3,446 shares of Western Asset Mortgage Capital stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $10.34 per share, for a total transaction of $35,631.64. Following the completion of the acquisition, the insider now owns 5,204 shares in the company, valued at approximately $53,809.36. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Several research firms have recently issued reports on WMC. Zacks Investment Research lowered Western Asset Mortgage Capital from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Keefe, Bruyette & Woods began coverage on Western Asset Mortgage Capital in a research note on Sunday, March 17th. They issued a “market perform” rating and a $10.50 price objective for the company.

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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, securitized commercial loans, and other financial assets.

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

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