Russell Investments Group Ltd. Grows Holdings in Western Asset Mortgage Capital Corp (NYSE:WMC)

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Russell Investments Group Ltd. increased its position in Western Asset Mortgage Capital Corp (NYSE:WMC) by 39.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,931 shares of the financial services provider’s stock after acquiring an additional 8,177 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Western Asset Mortgage Capital worth $279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Western Asset Mortgage Capital by 1,481.5% in the 2nd quarter. Bank of Montreal Can now owns 4,270 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 4,000 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Western Asset Mortgage Capital during the second quarter worth about $76,000. Deprince Race & Zollo Inc. acquired a new position in shares of Western Asset Mortgage Capital during the second quarter worth about $100,000. CAPROCK Group Inc. acquired a new position in shares of Western Asset Mortgage Capital during the third quarter worth about $116,000. Finally, Strs Ohio lifted its stake in shares of Western Asset Mortgage Capital by 11.9% during the third quarter. Strs Ohio now owns 14,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,500 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

Shares of NYSE WMC opened at $10.28 on Monday. Western Asset Mortgage Capital Corp has a 1 year low of $8.26 and a 1 year high of $10.66. The firm has a market cap of $543.42 million, a price-to-earnings ratio of 7.56 and a beta of 0.76. The company has a debt-to-equity ratio of 8.05, a quick ratio of 709.60 and a current ratio of 709.60. The stock’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $9.91.

Western Asset Mortgage Capital (NYSE:WMC) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.03). The firm had revenue of $16.57 million during the quarter, compared to the consensus estimate of $20.95 million. Western Asset Mortgage Capital had a net margin of 18.47% and a return on equity of 11.66%. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, research analysts predict that Western Asset Mortgage Capital Corp will post 1.21 EPS for the current year.

A number of brokerages have commented on WMC. ValuEngine upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Zacks Investment Research upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Bank of America dropped their target price on Western Asset Mortgage Capital from $10.75 to $10.50 and set a “buy” rating on the stock in a research report on Monday, September 23rd.

About Western Asset Mortgage Capital

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets.

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

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