Western Asset Mortgage Capital (NYSE:WMC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Western Asset Mortgage Capital (NYSE:WMC – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Jonestrading reissued a buy rating and set a $17.50 price target on shares of Western Asset Mortgage Capital in a research report on Friday, January 20th.

Western Asset Mortgage Capital Stock Performance

Western Asset Mortgage Capital stock opened at $8.24 on Thursday. The stock’s 50 day moving average price is $10.06 and its 200 day moving average price is $10.26. The firm has a market capitalization of $49.77 million, a PE ratio of -0.56 and a beta of 1.63. The company has a debt-to-equity ratio of 24.63, a quick ratio of 628.35 and a current ratio of 719.98. Western Asset Mortgage Capital has a one year low of $7.00 and a one year high of $18.80.

Western Asset Mortgage Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Tuesday, January 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, December 30th. This represents a $1.60 annualized dividend and a yield of 19.42%. Western Asset Mortgage Capital’s dividend payout ratio is presently -10.83%.

Institutional Investors Weigh In On Western Asset Mortgage Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in Western Asset Mortgage Capital by 127.2% during the 2nd quarter. Renaissance Technologies LLC now owns 221,200 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 123,860 shares during the last quarter. Almitas Capital LLC increased its holdings in Western Asset Mortgage Capital by 17.5% during the 4th quarter. Almitas Capital LLC now owns 130,357 shares of the financial services provider’s stock worth $1,188,000 after purchasing an additional 19,399 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Western Asset Mortgage Capital by 50.9% in the 4th quarter. Millennium Management LLC now owns 66,111 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 22,308 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Western Asset Mortgage Capital in the 1st quarter valued at approximately $97,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Western Asset Mortgage Capital by 103.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,351 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 28,178 shares during the last quarter. 20.53% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Mortgage Capital Company Profile

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Western Asset Mortgage Capital Corp. operates as a real estate investment trust. The firm engages in managing a diversified portfolio of assets. It focuses on investing in, financing and managing real estate related securities, whole loans and other financial assets. The company was founded on June 3, 2009 and is headquartered in Salt Lake City, UT.