Western Asset Mortgage Capital (NYSE:WMC) released its quarterly earnings data on Monday, March 5th. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01, Bloomberg Earnings reports. The business had revenue of $18.01 million for the quarter, compared to analyst estimates of $18.85 million. Western Asset Mortgage Capital had a net margin of 54.99% and a return on equity of 13.24%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS.
Shares of Western Asset Mortgage Capital stock opened at $9.78 on Thursday. The company has a debt-to-equity ratio of 7.34, a current ratio of 128.12 and a quick ratio of 128.12. Western Asset Mortgage Capital has a 1 year low of $8.54 and a 1 year high of $10.95. The stock has a market cap of $407.46, a P/E ratio of 4.84 and a beta of 0.55.
Separately, Zacks Investment Research raised shares of Western Asset Mortgage Capital from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, March 14th.
In other Western Asset Mortgage Capital news, insider Jennifer Murphy bought 10,000 shares of Western Asset Mortgage Capital stock in a transaction dated Wednesday, December 27th. The stock was bought at an average cost of $10.22 per share, for a total transaction of $102,200.00. Following the purchase, the insider now owns 47,500 shares in the company, valued at approximately $485,450. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by company insiders.
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About Western Asset Mortgage Capital
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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