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Western Asset Mortgage Capital Corp (NYSE:WMC) CIO Anup Agarwal bought 11,000 shares of the stock in a transaction dated Friday, June 6th. The stock was purchased at an average price of $14.43 per share, with a total value of $158,730.00. Following the transaction, the executive now directly owns 11,000 shares in the company, valued at approximately $158,730. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

WMC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Western Asset Mortgage Capital Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $13.10 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Western Asset Mortgage Capital Corp from $16.00 to $14.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Western Asset Mortgage Capital Corp in a research note on Wednesday, April 16th. They now have a $13.50 price target on the stock. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.87.

Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 1.25% during mid-day trading on Friday, hitting $14.55. The stock had a trading volume of 714,376 shares. Western Asset Mortgage Capital Corp has a 52 week low of $13.50 and a 52 week high of $19.59. The stock has a 50-day moving average of $14.25 and a 200-day moving average of $15.30. The company’s market cap is $607.0 million.

Western Asset Mortgage Capital Corp (NYSE:WMC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.36. The company had revenue of $20.00 million for the quarter, compared to the consensus estimate of $789.30 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was down 30.1% on a year-over-year basis. On average, analysts predict that Western Asset Mortgage Capital Corp will post $2.44 earnings per share for the current fiscal year.

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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