Ground Swell Capital LLC Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Ground Swell Capital LLC acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,782 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other institutional investors also recently modified their holdings of the company. Beaird Harris Wealth Management LLC boosted its stake in Annaly Capital Management by 21.4% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 500 shares during the period. Redmont Wealth Advisors LLC grew its stake in shares of Annaly Capital Management by 20.6% in the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 559 shares in the last quarter. Sunbelt Securities Inc. increased its position in Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 562 shares during the period. Retirement Group LLC raised its stake in Annaly Capital Management by 27.7% in the 1st quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 687 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Annaly Capital Management by 6.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 704 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the transaction, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Annaly Capital Management Price Performance

NLY opened at $20.29 on Wednesday. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of -20.92 and a beta of 1.52. The company’s 50 day moving average price is $19.92 and its two-hundred day moving average price is $19.61. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.67 EPS for the current year.

Analyst Ratings Changes

NLY has been the subject of a number of analyst reports. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Janney Montgomery Scott started coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.14.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.