TIAA CREF Investment Management LLC decreased its position in Western Asset Mortgage Capital Corporation (NYSE:WMC) by 10.0% during the first quarter, Holdings Channel reports. The fund owned 112,026 shares of the financial services provider’s stock after selling 12,440 shares during the period. TIAA CREF Investment Management LLC’s holdings in Western Asset Mortgage Capital Corporation were worth $1,094,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WMC. State Street Corp increased its stake in Western Asset Mortgage Capital Corporation by 4.6% in the fourth quarter. State Street Corp now owns 808,876 shares of the financial services provider’s stock worth $8,142,000 after buying an additional 35,337 shares during the last quarter. Prudential Financial Inc. increased its stake in Western Asset Mortgage Capital Corporation by 40.4% in the first quarter. Prudential Financial Inc. now owns 248,875 shares of the financial services provider’s stock worth $2,432,000 after buying an additional 71,600 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Western Asset Mortgage Capital Corporation by 22.2% in the first quarter. Parametric Portfolio Associates LLC now owns 213,556 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 38,849 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Western Asset Mortgage Capital Corporation by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 204,291 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 13,287 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Western Asset Mortgage Capital Corporation by 9.8% in the first quarter. Van ECK Associates Corp now owns 180,780 shares of the financial services provider’s stock worth $1,766,000 after buying an additional 16,188 shares during the last quarter. 38.01% of the stock is owned by institutional investors and hedge funds.

Western Asset Mortgage Capital Corporation (WMC) remained flat at $10.67 during trading on Thursday. The company’s stock had a trading volume of 14,361 shares. The stock has a market cap of $447.28 million, a P/E ratio of 13.00 and a beta of 0.72. The company has a 50-day moving average of $10.36 and a 200-day moving average of $10.22. Western Asset Mortgage Capital Corporation has a one year low of $9.43 and a one year high of $11.18.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, June 30th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.62%. The ex-dividend date of this dividend was Wednesday, June 28th. Western Asset Mortgage Capital Corporation’s payout ratio is presently 151.22%.

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A number of analysts have recently weighed in on WMC shares. BidaskClub downgraded shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Western Asset Mortgage Capital Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. JMP Securities started coverage on shares of Western Asset Mortgage Capital Corporation in a research report on Tuesday, July 25th. They set a “market perform” rating for the company. Finally, TheStreet raised shares of Western Asset Mortgage Capital Corporation from a “d” rating to a “c” rating in a research report on Thursday, May 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.67.

In other Western Asset Mortgage Capital Corporation news, insider Jennifer Murphy bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $10.22 per share, for a total transaction of $51,100.00. Following the completion of the acquisition, the insider now owns 37,500 shares of the company’s stock, valued at $383,250. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Western Asset Mortgage Capital Corporation Company Profile

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

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

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