Western Asset Mortgage Capital Co. (NYSE:WMC – Get Rating) shares are going to reverse split before the market opens on Monday, July 11th. The 1-10 reverse split was announced on Monday, July 11th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 11th.
WMC opened at $1.19 on Friday. The business’s 50 day moving average is $1.28 and its 200-day moving average is $1.69. The stock has a market cap of $71.85 million, a PE ratio of -0.87 and a beta of 1.95. The company has a current ratio of 1,098.13, a quick ratio of 1,098.13 and a debt-to-equity ratio of 15.45. Western Asset Mortgage Capital has a twelve month low of $1.10 and a twelve month high of $3.27.
Western Asset Mortgage Capital (NYSE:WMC – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Western Asset Mortgage Capital had a negative net margin of 53.54% and a positive return on equity of 3.94%. During the same period in the prior year, the firm posted $0.10 EPS. As a group, analysts forecast that Western Asset Mortgage Capital will post 0.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Stockholders of record on Friday, July 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, June 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 13.45%. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is presently -11.76%.
WMC has been the topic of a number of recent analyst reports. Jonestrading raised Western Asset Mortgage Capital from a “hold” rating to a “buy” rating in a report on Monday, June 13th. Bank of America dropped their target price on Western Asset Mortgage Capital from $3.00 to $2.00 and set an “underperform” rating on the stock in a report on Wednesday, March 9th. Finally, StockNews.com raised Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a report on Friday, May 20th.
Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new stake in Western Asset Mortgage Capital during the third quarter worth approximately $33,000. Fortress Wealth Management Inc. acquired a new position in Western Asset Mortgage Capital in the fourth quarter worth approximately $39,000. O Shaughnessy Asset Management LLC grew its position in Western Asset Mortgage Capital by 820.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,928 shares of the financial services provider’s stock worth $42,000 after buying an additional 17,763 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Western Asset Mortgage Capital by 103.7% in the first quarter. Goldman Sachs Group Inc. now owns 55,351 shares of the financial services provider’s stock worth $94,000 after buying an additional 28,178 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Western Asset Mortgage Capital in the first quarter worth approximately $97,000. 22.99% of the stock is currently owned by hedge funds and other institutional investors.
Western Asset Mortgage Capital Company Profile (Get Rating)
Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments.
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