Western Asset Mortgage Capital (NYSE:WMC) Stock Crosses Above 200 Day Moving Average of $9.21

Western Asset Mortgage Capital Co. (NYSE:WMC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.21 and traded as high as $10.50. Western Asset Mortgage Capital shares last traded at $10.41, with a volume of 8,152 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Western Asset Mortgage Capital in a research note on Tuesday. They issued a “hold” rating for the company.

Western Asset Mortgage Capital Stock Down 0.4 %

The company’s 50 day moving average price is $10.07 and its 200 day moving average price is $9.21. The company has a quick ratio of 415.82, a current ratio of 415.82 and a debt-to-equity ratio of 24.54. The firm has a market capitalization of $62.86 million, a price-to-earnings ratio of -1.46 and a beta of 1.64.

Western Asset Mortgage Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.35 per share. The ex-dividend date was Friday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 13.45%. Western Asset Mortgage Capital’s payout ratio is currently -19.61%.

Institutional Investors Weigh In On Western Asset Mortgage Capital

Several institutional investors and hedge funds have recently made changes to their positions in WMC. BlackRock Inc. raised its holdings in shares of Western Asset Mortgage Capital by 2.1% during the second quarter. BlackRock Inc. now owns 120,152 shares of the financial services provider’s stock worth $1,066,000 after purchasing an additional 2,524 shares during the last quarter. Geode Capital Management LLC increased its holdings in Western Asset Mortgage Capital by 31.4% in the second quarter. Geode Capital Management LLC now owns 65,639 shares of the financial services provider’s stock valued at $582,000 after buying an additional 15,699 shares in the last quarter. Saltoro Capital LP purchased a new stake in shares of Western Asset Mortgage Capital during the second quarter worth about $72,000. State Street Corp increased its stake in shares of Western Asset Mortgage Capital by 10.9% during the first quarter. State Street Corp now owns 24,452 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Western Asset Mortgage Capital by 221.5% during the first quarter. Renaissance Technologies LLC now owns 74,945 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 51,635 shares during the last quarter. 14.66% of the stock is currently owned by institutional investors and hedge funds.

About Western Asset Mortgage Capital

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.