CAPSTEAD Mtg Co/SH (CMO) Stock Price Down 0.3%

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CAPSTEAD Mtg Co/SH (NYSE:CMO)’s share price was down 0.3% during mid-day trading on Tuesday . The company traded as low as $6.58 and last traded at $6.72. Approximately 50,063 shares changed hands during trading, a decline of 92% from the average daily volume of 591,528 shares. The stock had previously closed at $6.74.

A number of equities analysts have issued reports on CMO shares. ValuEngine upgraded CAPSTEAD Mtg Co/SH from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Keefe, Bruyette & Woods downgraded CAPSTEAD Mtg Co/SH from a “market perform” rating to an “underperform” rating and cut their price target for the company from $8.50 to $5.50 in a research note on Monday. Finally, JMP Securities downgraded CAPSTEAD Mtg Co/SH from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 31st.

The company has a market capitalization of $623.47 million, a price-to-earnings ratio of 14.65 and a beta of 0.09. The company has a quick ratio of 10.41, a current ratio of 7.17 and a debt-to-equity ratio of 13.47.

CAPSTEAD Mtg Co/SH (NYSE:CMO) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). CAPSTEAD Mtg Co/SH had a return on equity of 6.65% and a net margin of 23.79%. The business had revenue of $68.00 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, September 28th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.09%.

In other CAPSTEAD Mtg Co/SH news, CEO Phillip A. Reinsch bought 20,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average price of $6.79 per share, for a total transaction of $135,800.00. Following the purchase, the chief executive officer now directly owns 264,226 shares of the company’s stock, valued at $1,794,094.54. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Bernard bought 5,000 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was acquired at an average price of $6.72 per share, for a total transaction of $33,600.00. Following the purchase, the director now directly owns 56,113 shares in the company, valued at $377,079.36. The disclosure for this purchase can be found here. Insiders bought a total of 65,000 shares of company stock worth $440,100 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Harbor Asset Management LLC boosted its stake in shares of CAPSTEAD Mtg Co/SH by 45.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 40,220 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 12,475 shares during the last quarter. Alps Advisors Inc. lifted its stake in CAPSTEAD Mtg Co/SH by 37.5% in the third quarter. Alps Advisors Inc. now owns 121,978 shares of the real estate investment trust’s stock valued at $965,000 after purchasing an additional 33,282 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in CAPSTEAD Mtg Co/SH in the third quarter valued at approximately $1,000,000. Jane Street Group LLC purchased a new position in CAPSTEAD Mtg Co/SH in the second quarter valued at approximately $107,000. Finally, MetLife Investment Advisors LLC lifted its stake in CAPSTEAD Mtg Co/SH by 32.8% in the second quarter. MetLife Investment Advisors LLC now owns 43,532 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 10,742 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

CAPSTEAD Mtg Co/SH Company Profile (NYSE:CMO)

Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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