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Western Asset Mortgage Capital Corp (NYSE:WMC) CEO Gavin L. James purchased 16,060 shares of Western Asset Mortgage Capital Corp stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $14.69 per share, for a total transaction of $235,921.40. Following the completion of the transaction, the chief executive officer now directly owns 48,637 shares of the company’s stock, valued at approximately $714,478. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on WMC shares. 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, August 12th. 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, August 11th. They now have a $15.25 price target on the stock, up previously from $15.00. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.79.

Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 0.07% during mid-day trading on Friday, hitting $14.71. 1,184,359 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 has a 50-day moving average of $13.98 and a 200-day moving average of $14.80. The company has a market cap of $613.7 million and a P/E ratio of 4.91.

Western Asset Mortgage Capital Corp (NYSE:WMC) last issued its earnings data on Thursday, August 7th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.19. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, analysts predict that Western Asset Mortgage Capital Corp will post $2.64 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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