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Western Asset Mortgage Capital Corp (NYSE:WMC) CEO Gavin L. James purchased 16,060 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $14.69 per share, with a total value of $235,921.40. Following the completion of the acquisition, the chief executive officer now directly owns 48,637 shares of the company’s stock, valued at approximately $714,478. The transaction 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 upgraded shares of Western Asset Mortgage Capital Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $15.80 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Western Asset Mortgage Capital Corp in a research note on Tuesday. They now have a $14.00 price target on the stock, down previously from $16.41. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Western Asset Mortgage Capital Corp in a research note on Monday. They now have a $15.25 price target on the stock, up previously from $15.00. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Western Asset Mortgage Capital Corp currently has an average rating of “Hold” and a consensus target price of $14.79.

Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 0.07% on Friday, hitting $14.71. The stock had a trading volume of 1,162,190 shares. Western Asset Mortgage Capital Corp has a 1-year low of $13.50 and a 1-year high of $17.77. The stock has a 50-day moving average of $13.97 and a 200-day moving average of $14.8. The company has a market cap of $613.7 million and a price-to-earnings ratio of 4.91.

Western Asset Mortgage Capital Corp (NYSE:WMC) last announced its 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 $2.64 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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