Analysts expect Western Asset Mortgage Capital Co. (NYSE: WMC) to report earnings of $ 0.06 per share for the current fiscal quarter, according to Zacks. No analysts have provided earnings estimates for Western Asset Mortgage Capital. Western Asset Mortgage Capital posted earnings of $ 0.12 per share in the same quarter last year, indicating a negative growth rate of 50% year-over-year. The company is expected to announce its next earnings report on Wednesday, March 2.
On average, analysts expect Western Asset Mortgage Capital to report annual earnings of $ 0.27 per share for the current year. For next year, analysts expect the company to post earnings of $ 0.31 per share. Zacks Investment Research earnings per share averages are an average based on a survey of research companies that track Western Asset Mortgage Capital.
Western Asset Mortgage Capital (NYSE: WMC) last released its quarterly results on Thursday, November 4. The financial services provider reported earnings per share (EPS) of $ 0.06 for the quarter, meeting analyst consensus estimates of $ 0.06. Western Asset Mortgage Capital posted a positive return on equity of 8.41% and a negative net margin of 14.64%. During the same period last year, the company made a profit of $ 0.10 per share.
Meanwhile, Zacks Investment Research downgraded Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research report released on Friday, November 19.
In other news from Western Asset Mortgage Capital, CIO Greg E. Handler bought 25,000 shares of the company in a trade on Wednesday, November 24. The shares were purchased at an average cost of $ 2.17 per share, for a total transaction of $ 54,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In addition, CIO Greg E. Handler bought 50,000 shares of the company in a trade on Friday, November 26. The stock was purchased at an average price of $ 2.17 per share, for a total transaction of $ 108,500.00. Disclosure of this purchase can be found here. Insiders have acquired 85,741 shares of the company worth $ 186,560 in the past 90 days. 0.80% of the shares are held by insiders.
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Several hedge funds recently changed their holdings to WMC. Bank of Montreal Can increased its holdings of Western Asset Mortgage Capital shares by 17,657.3% during the second quarter. Bank of Montreal Can now owns 296,369 shares of the financial services provider valued at $ 969,000 after purchasing an additional 294,700 shares in the last quarter. Ergoteles LLC purchased a new position in Western Asset Mortgage Capital shares during the second quarter valued at approximately $ 840,000. Geode Capital Management LLC increased its holdings of Western Asset Mortgage Capital shares by 29.0% during the third quarter. Geode Capital Management LLC now owns 709,771 shares of the financial services provider valued at $ 1,852,000 after purchasing an additional 159,771 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings of Western Asset Mortgage Capital shares by 841.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 166,032 shares of the financial services provider valued at $ 540,000 after purchasing an additional 148,400 shares in the last quarter. Finally, Teamwork Financial Advisors LLC increased its holdings of Western Asset Mortgage Capital shares by 52.7% during the third quarter. Teamwork Financial Advisors LLC now owns 329,778 shares of the financial services provider valued at $ 861,000 after purchasing an additional 113,754 shares in the last quarter. 43.82% of the shares are currently held by institutional investors.
Western Asset Mortgage Capital shares opened at $ 2.20 on Tuesday. The company has a market cap of $ 133.89 million, a price-to-earnings ratio of -5.24 and a beta of 2.09. Western Asset Mortgage Capital has a 52 week low of $ 2.10 and a 52 week high of $ 4.19. The company has a debt to equity ratio of 11.62, a rapid ratio of 864.63 and a current ratio of 864.63. The stock has a 50-day moving average of $ 2.42 and a 200-day moving average of $ 2.82.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 26. Shareholders of record on Monday, October 4 received a dividend of $ 0.06 per share. This represents a dividend of $ 0.24 on an annualized basis and a return of 10.91%. The ex-dividend date of this dividend was Friday October 1. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is -57.14%.
Western Asset Mortgage Capital Company Profile
Western Asset Mortgage Capital Corp. works like a real estate investment trust. The company engages in the management of a diversified portfolio of assets. It focuses on investing, financing and managing real estate related securities, entire loans and other financial assets. The company was founded on June 3, 2009 and is headquartered in Pasadena, California.
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