Western Asset Mortgage Capital (NYSE:WMC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or federally chartered corporation. Western Asset Mortgage Capital Corporation is headquartered in Pasadena, California. “

Shares of Western Asset Mortgage Capital (WMC) traded down $0.07 during mid-day trading on Tuesday, hitting $10.11. The company had a trading volume of 213,700 shares, compared to its average volume of 269,979. The company has a current ratio of 128.12, a quick ratio of 128.12 and a debt-to-equity ratio of 7.34. Western Asset Mortgage Capital has a twelve month low of $9.43 and a twelve month high of $11.18. The company has a market cap of $426.74, a P/E ratio of 56.56 and a beta of 0.68.

Western Asset Mortgage Capital (NYSE:WMC) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $18.57 million during the quarter, compared to the consensus estimate of $17.10 million. Western Asset Mortgage Capital had a net margin of 18.57% and a return on equity of 1.81%. Western Asset Mortgage Capital’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. analysts anticipate that Western Asset Mortgage Capital will post 1.18 EPS for the current year.

A number of institutional investors have recently bought and sold shares of WMC. Boothbay Fund Management LLC acquired a new stake in shares of Western Asset Mortgage Capital in the fourth quarter valued at about $104,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Western Asset Mortgage Capital by 4.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,073 shares of the financial services provider’s stock valued at $114,000 after buying an additional 490 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Western Asset Mortgage Capital by 73.4% in the second quarter. BNP Paribas Arbitrage SA now owns 11,307 shares of the financial services provider’s stock valued at $116,000 after buying an additional 4,786 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Western Asset Mortgage Capital in the second quarter valued at about $150,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Western Asset Mortgage Capital by 11.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,388 shares of the financial services provider’s stock valued at $156,000 after buying an additional 1,599 shares during the period. Hedge funds and other institutional investors own 42.98% of the company’s stock.

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About Western Asset Mortgage Capital

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

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