Western Asset Mortgage Capital Corp CEO Gavin James Buys 1,000 Shares (WMC)
Western Asset Mortgage Capital Corp (NYSE:WMC) CEO Gavin James acquired 1,000 shares of the company’s stock on the open market in a transaction dated Friday, October 4th. The stock was purchased at an average cost of $15.81 per share, with a total value of $15,810.00. Following the acquisition, the chief executive officer now directly owns 19,350 shares in the company, valued at approximately $305,924. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on WMC shares. Analysts at Compass Point upgraded shares of Western Asset Mortgage Capital Corp from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 16th. They now have a $17.50 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Western Asset Mortgage Capital Corp from $20.50 to $17.50 in a research note to investors on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.50.
Western Asset Mortgage Capital Corp (NYSE:WMC) traded down 0.10% during mid-day trading on Monday, hitting $15.725. 443,461 shares of the company’s stock traded hands. Western Asset Mortgage Capital Corp has a 52-week low of $14.55 and a 52-week high of $23.98. The stock’s 50-day moving average is $15.97 and its 200-day moving average is $18.55. The company has a market cap of $382.2 million and a P/E ratio of 2.89.
Western Asset Mortgage Capital Corp (NYSE:WMC) last released its earnings data on Tuesday, August 6th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.03. During the same quarter last year, the company posted $0.53 earnings per share.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 29th. Shareholders of record on Monday, September 30th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 22.87%. The ex-dividend date of this dividend is Thursday, September 26th.
Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (NYSE:WMC), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS.
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