Traders Purchase High Volume of Western Asset Mortgage Capital Corp Call Options (WMC)
Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) were the recipient of unusually large options trading on Thursday. Traders purchased 439 call options on the stock, AnalystRatingsNetwork reports. This represents an increase of approximately 698% compared to the average volume of 55 call options.
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. Four research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $14.70.
Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 3.76% on Thursday, hitting $14.35. 1,503,016 shares of the company’s stock traded hands. Western Asset Mortgage Capital Corp has a 52-week low of $13.50 and a 52-week high of $17.77. The stock’s 50-day moving average is $13.98 and its 200-day moving average is $14.81. The company’s market cap is $598.7 million.
Western Asset Mortgage Capital Corp (NYSE:WMC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.19. During the same quarter last year, the company posted $0.94 earnings per share. Analysts expect that Western Asset Mortgage Capital Corp will post $2.40 EPS 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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