Short Interest in Western Asset Mortgage Capital Co. (NYSE:WMC) Rises By 25.8%

Western Asset Mortgage Capital Co. (NYSE:WMCGet Rating) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 54,100 shares, a growth of 25.8% from the June 30th total of 43,000 shares. Based on an average daily trading volume, of 32,400 shares, the short-interest ratio is presently 1.7 days. Currently, 0.9% of the company’s stock are sold short.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Friday, May 20th. Jonestrading upgraded Western Asset Mortgage Capital from a “hold” rating to a “buy” rating in a research note on Monday, June 13th.

Hedge Funds Weigh In On Western Asset Mortgage Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortress Wealth Management Inc. bought a new position in shares of Western Asset Mortgage Capital during the 4th quarter valued at $39,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Western Asset Mortgage Capital by 820.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,928 shares of the financial services provider’s stock valued at $42,000 after buying an additional 17,763 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Western Asset Mortgage Capital by 103.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 55,351 shares of the financial services provider’s stock valued at $94,000 after buying an additional 28,178 shares during the period. Jane Street Group LLC bought a new position in shares of Western Asset Mortgage Capital during the 1st quarter valued at $97,000. Finally, Renaissance Technologies LLC raised its holdings in Western Asset Mortgage Capital by 536.2% in the 1st quarter. Renaissance Technologies LLC now owns 97,340 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 82,040 shares during the period. 22.99% of the stock is owned by institutional investors.

Western Asset Mortgage Capital Stock Performance

WMC stock opened at $12.53 on Tuesday. The stock has a market capitalization of $75.66 million, a PE ratio of -0.92 and a beta of 1.78. Western Asset Mortgage Capital has a 12-month low of $11.00 and a 12-month high of $31.88. The company has a current ratio of 1,098.13, a quick ratio of 1,098.13 and a debt-to-equity ratio of 15.45. The stock’s 50 day simple moving average is $12.53 and its 200 day simple moving average is $15.60.

Western Asset Mortgage Capital (NYSE:WMCGet Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.50). Western Asset Mortgage Capital had a negative net margin of 53.54% and a positive return on equity of 3.94%. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, research analysts forecast that Western Asset Mortgage Capital will post 1.5 earnings per share for the current fiscal year.

Western Asset Mortgage Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 25th. Stockholders of record on Friday, July 1st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 1.28%. Western Asset Mortgage Capital’s payout ratio is -11.76%.

Western Asset Mortgage Capital Company Profile

(Get Rating)

Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments.

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