Penn Mutual Life Insurance Co grew its position in shares of Capstead Mortgage Co. (NYSE:CMO) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 473,000 shares of the real estate investment trust’s stock after purchasing an additional 58,000 shares during the period. Capstead Mortgage makes up approximately 3.1% of Penn Mutual Life Insurance Co’s investment portfolio, making the stock its 11th biggest position. Penn Mutual Life Insurance Co owned 0.49% of Capstead Mortgage worth $4,566,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of CMO. Teachers Advisors LLC raised its stake in shares of Capstead Mortgage by 3.3% during the second quarter. Teachers Advisors LLC now owns 174,555 shares of the real estate investment trust’s stock valued at $1,821,000 after acquiring an additional 5,576 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Capstead Mortgage by 8.0% during the second quarter. Nationwide Fund Advisors now owns 401,622 shares of the real estate investment trust’s stock valued at $4,189,000 after acquiring an additional 29,875 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of Capstead Mortgage during the second quarter valued at approximately $133,000. Sei Investments Co. raised its stake in Capstead Mortgage by 12.5% in the second quarter. Sei Investments Co. now owns 107,627 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 11,943 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Capstead Mortgage by 43.8% in the third quarter. BNP Paribas Arbitrage SA now owns 60,783 shares of the real estate investment trust’s stock worth $587,000 after buying an additional 18,524 shares in the last quarter. Hedge funds and other institutional investors own 72.99% of the company’s stock.
Capstead Mortgage Co. (NYSE CMO) traded down $0.21 during trading hours on Friday, reaching $8.65. 930,977 shares of the company’s stock traded hands, compared to its average volume of 654,575. The stock has a market capitalization of $851.49, a price-to-earnings ratio of 14.18 and a beta of 0.30. Capstead Mortgage Co. has a one year low of $8.52 and a one year high of $11.41. The company has a debt-to-equity ratio of 12.29, a quick ratio of 15.28 and a current ratio of 15.28.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.76 annualized dividend and a dividend yield of 8.79%. Capstead Mortgage’s dividend payout ratio (DPR) is 124.59%.
A number of brokerages recently commented on CMO. Keefe, Bruyette & Woods raised shares of Capstead Mortgage from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. ValuEngine raised shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Capstead Mortgage currently has an average rating of “Hold” and a consensus price target of $11.00.
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Capstead Mortgage Company Profile
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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