Icon Advisers Inc. Co. Cuts Position in Annaly Capital Management Inc. (NLY)
Icon Advisers Inc. Co. cut its position in shares of Annaly Capital Management Inc. (NYSE:NLY) by 11.4% during the third quarter, Holdings Channel reports. The institutional investor owned 161,400 shares of the company’s stock after selling 20,800 shares during the period. Icon Advisers Inc. Co.’s holdings in Annaly Capital Management were worth $1,695,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new position in Annaly Capital Management during the second quarter worth $101,000. Balentine LLC bought a new position in Annaly Capital Management during the second quarter worth $105,000. Penserra Capital Management LLC raised its position in Annaly Capital Management by 1.9% in the second quarter. Penserra Capital Management LLC now owns 10,074 shares of the company’s stock worth $112,000 after buying an additional 189 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Annaly Capital Management by 80.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 10,423 shares of the company’s stock worth $115,000 after buying an additional 4,636 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in Annaly Capital Management during the second quarter worth $116,000. Institutional investors and hedge funds own 54.67% of the company’s stock.
Shares of Annaly Capital Management Inc. (NYSE:NLY) traded down 1.45% during mid-day trading on Wednesday, reaching $10.22. The company’s stock had a trading volume of 10,270,914 shares. The company’s 50-day moving average price is $10.17 and its 200-day moving average price is $10.61. The stock has a market capitalization of $10.41 billion, a P/E ratio of 54.95 and a beta of 0.23. Annaly Capital Management Inc. has a 12-month low of $8.25 and a 12-month high of $11.29.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Annaly Capital Management had a return on equity of 10.78% and a net margin of 15.41%. During the same period in the prior year, the company earned $0.21 EPS. On average, equities research analysts forecast that Annaly Capital Management Inc. will post $1.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were paid a $0.2641 dividend. This represents a $1.06 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend was Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 963.64%.
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A number of research firms have weighed in on NLY. Zacks Investment Research raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a report on Monday, August 8th. JPMorgan Chase & Co. reissued a “hold” rating and set a $11.00 price objective on shares of Annaly Capital Management in a report on Friday, August 5th. Deutsche Bank AG boosted their price objective on Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $11.50 price objective on shares of Annaly Capital Management in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Annaly Capital Management currently has an average rating of “Hold” and a consensus price target of $11.06.
In related news, insider David L. Finkelstein acquired 100,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $10.30 per share, with a total value of $1,030,000.00. Following the completion of the purchase, the insider now directly owns 200,000 shares of the company’s stock, valued at $2,060,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy P. Coffey acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $10.15 per share, for a total transaction of $304,500.00. Following the purchase, the insider now directly owns 38,000 shares of the company’s stock, valued at $385,700. The disclosure for this purchase can be found here. 0.47% of the stock is owned by insiders.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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