Metropolitan Life Insurance Co. NY boosted its stake in CAPSTEAD MTG CO/SH (NYSE:CMO) by 320.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,013 shares of the real estate investment trust’s stock after acquiring an additional 22,120 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in CAPSTEAD MTG CO/SH were worth $194,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wealthstreet Investment Advisors LLC acquired a new position in CAPSTEAD MTG CO/SH in the 4th quarter valued at about $72,000. Essex Savings Bank acquired a new position in CAPSTEAD MTG CO/SH in the 4th quarter valued at about $67,000. Magnus Financial Group LLC acquired a new position in CAPSTEAD MTG CO/SH in the 4th quarter valued at about $70,000. Timber Hill LLC acquired a new position in CAPSTEAD MTG CO/SH in the 4th quarter valued at about $89,000. Finally, Verition Fund Management LLC acquired a new position in CAPSTEAD MTG CO/SH in the 3rd quarter valued at about $124,000. Hedge funds and other institutional investors own 84.10% of the company’s stock.

Shares of CMO stock opened at $8.60 on Tuesday. The stock has a market capitalization of $744.55 million, a P/E ratio of 25.59 and a beta of 0.64. CAPSTEAD MTG CO/SH has a 52-week low of $6.58 and a 52-week high of $9.37. The company has a debt-to-equity ratio of 13.71, a quick ratio of 8.90 and a current ratio of 8.90.

CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). CAPSTEAD MTG CO/SH had a net margin of 18.10% and a return on equity of 5.66%. The company had revenue of $73.53 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, March 28th.

In other CAPSTEAD MTG CO/SH news, Director John L. Bernard bought 20,000 shares of the company’s stock in a transaction on Monday, February 4th. The shares were bought at an average price of $7.51 per share, for a total transaction of $150,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $7.00 to $8.50 in a research report on Sunday, February 24th. JMP Securities upgraded CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating in a research report on Thursday, February 14th.

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About CAPSTEAD MTG CO/SH

Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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Institutional Ownership by Quarter for CAPSTEAD MTG CO/SH (NYSE:CMO)

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