Systematic Financial Management LP Takes Position in Capstead Mortgage Corp. (CMO)
Systematic Financial Management LP bought a new position in shares of Capstead Mortgage Corp. (NYSE:CMO) during the second quarter, Holdings Channel reports. The firm bought 186,020 shares of the real estate investment trust’s stock, valued at approximately $1,804,000. Systematic Financial Management LP owned approximately 0.19% of Capstead Mortgage Corp. at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new stake in shares of Capstead Mortgage Corp. during the first quarter worth about $377,000. Renaissance Technologies LLC increased its position in Capstead Mortgage Corp. by 91.9% in the first quarter. Renaissance Technologies LLC now owns 2,219,000 shares of the real estate investment trust’s stock worth $21,946,000 after buying an additional 1,062,500 shares in the last quarter. HBK Investments L P increased its position in Capstead Mortgage Corp. by 192.8% in the first quarter. HBK Investments L P now owns 55,337 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 36,437 shares in the last quarter. UBS Group AG increased its position in Capstead Mortgage Corp. by 30.4% in the first quarter. UBS Group AG now owns 1,219,604 shares of the real estate investment trust’s stock worth $12,062,000 after buying an additional 284,613 shares in the last quarter. Finally, Menta Capital LLC increased its position in Capstead Mortgage Corp. by 300.6% in the first quarter. Menta Capital LLC now owns 70,900 shares of the real estate investment trust’s stock worth $701,000 after buying an additional 53,200 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Capstead Mortgage Corp. (NYSE:CMO) traded up 0.61% on Thursday, hitting $9.88. The stock had a trading volume of 240,955 shares. The company has a market capitalization of $948.36 million, a price-to-earnings ratio of 11.49 and a beta of 0.45. Capstead Mortgage Corp. has a 52 week low of $7.48 and a 52 week high of $10.64. The company has a 50-day moving average of $10.05 and a 200 day moving average of $9.85.
Capstead Mortgage Corp. (NYSE:CMO) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by $0.04. Capstead Mortgage Corp. had a net margin of 44.67% and a return on equity of 8.90%. During the same period in the prior year, the business posted $0.22 EPS. On average, equities research analysts predict that Capstead Mortgage Corp. will post $0.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 9.37%. Capstead Mortgage Corp.’s payout ratio is 104.55%.
CMO has been the subject of a number of analyst reports. Keefe, Bruyette & Woods set a $9.50 price target on Capstead Mortgage Corp. and gave the company a “market perform” rating in a research note on Monday, August 1st. Zacks Investment Research downgraded Capstead Mortgage Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.75.
About Capstead Mortgage Corp.
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises (GSEs), either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).
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