CAPSTEAD Mtg Co/SH (CMO) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in shares of CAPSTEAD Mtg Co/SH (NYSE:CMO) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,213,495 shares of the real estate investment trust’s stock after selling 25,223 shares during the quarter. Northern Trust Corp owned 1.31% of CAPSTEAD Mtg Co/SH worth $10,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC acquired a new position in shares of CAPSTEAD Mtg Co/SH during the first quarter worth approximately $186,000. Millennium Management LLC acquired a new position in shares of CAPSTEAD Mtg Co/SH during the first quarter worth approximately $5,013,000. Allianz Asset Management GmbH boosted its position in shares of CAPSTEAD Mtg Co/SH by 16.3% during the first quarter. Allianz Asset Management GmbH now owns 81,392 shares of the real estate investment trust’s stock worth $704,000 after buying an additional 11,415 shares during the period. Hartford Investment Management Co. acquired a new position in shares of CAPSTEAD Mtg Co/SH during the second quarter worth approximately $261,000. Finally, Bessemer Group Inc. acquired a new position in shares of CAPSTEAD Mtg Co/SH during the second quarter worth approximately $413,000. Institutional investors and hedge funds own 73.18% of the company’s stock.

Several equities analysts have recently issued reports on the company. ValuEngine downgraded CAPSTEAD Mtg Co/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Keefe, Bruyette & Woods set a $9.00 price objective on CAPSTEAD Mtg Co/SH and gave the stock a “hold” rating in a research report on Friday, July 27th. Finally, JMP Securities downgraded CAPSTEAD Mtg Co/SH from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 31st.

CMO opened at $7.34 on Friday. The company has a market capitalization of $685.60 million, a price-to-earnings ratio of 16.39 and a beta of 0.29. The company has a debt-to-equity ratio of 13.47, a current ratio of 7.17 and a quick ratio of 7.17. CAPSTEAD Mtg Co/SH has a 1-year low of $6.58 and a 1-year high of $9.37.

CAPSTEAD Mtg Co/SH (NYSE:CMO) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $68.00 million during the quarter. CAPSTEAD Mtg Co/SH had a return on equity of 6.65% and a net margin of 23.79%.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, September 28th were given a $0.11 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.44 dividend on an annualized basis and a yield of 5.99%.

In other news, Director John L. Bernard bought 5,000 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was purchased at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the director now directly owns 61,113 shares of the company’s stock, valued at approximately $425,346.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roy Kim bought 10,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was purchased at an average price of $6.76 per share, with a total value of $67,600.00. Following the completion of the transaction, the insider now directly owns 67,022 shares of the company’s stock, valued at $453,068.72. The disclosure for this purchase can be found here. Insiders acquired 70,000 shares of company stock valued at $474,900 over the last 90 days. 1.40% of the stock is currently owned by insiders.

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CAPSTEAD Mtg Co/SH Profile

Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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Institutional Ownership by Quarter for CAPSTEAD Mtg Co/SH (NYSE:CMO)

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