Timber Hill LLC decreased its stake in shares of CAPSTEAD MTG CO/SH (NYSE:CMO) by 9.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,024 shares of the real estate investment trust’s stock after selling 1,276 shares during the period. CAPSTEAD MTG CO/SH comprises approximately 0.1% of Timber Hill LLC’s holdings, making the stock its 29th largest position. Timber Hill LLC’s holdings in CAPSTEAD MTG CO/SH were worth $100,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CMO. Norges Bank purchased a new position in shares of CAPSTEAD MTG CO/SH in the fourth quarter worth approximately $10,313,000. Granite Investment Partners LLC acquired a new stake in CAPSTEAD MTG CO/SH in the first quarter valued at approximately $12,947,000. Acadian Asset Management LLC acquired a new stake in CAPSTEAD MTG CO/SH in the first quarter valued at approximately $6,538,000. 361 Capital LLC acquired a new stake in CAPSTEAD MTG CO/SH in the first quarter valued at approximately $2,990,000. Finally, Bank of America Corp DE lifted its stake in CAPSTEAD MTG CO/SH by 57.3% in the fourth quarter. Bank of America Corp DE now owns 607,524 shares of the real estate investment trust’s stock valued at $4,052,000 after acquiring an additional 221,379 shares during the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CAPSTEAD MTG CO/SH stock traded down $0.01 on Tuesday, reaching $8.19. The stock had a trading volume of 625,617 shares, compared to its average volume of 801,298. The business has a 50-day moving average price of $8.55. The company has a current ratio of 15.81, a quick ratio of 15.81 and a debt-to-equity ratio of 14.05. CAPSTEAD MTG CO/SH has a fifty-two week low of $6.58 and a fifty-two week high of $9.25. The company has a market capitalization of $705.40 million, a PE ratio of 24.97 and a beta of 0.69.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 28th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.86%. This is a boost from CAPSTEAD MTG CO/SH’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 27th.
Separately, TheStreet cut shares of CAPSTEAD MTG CO/SH from a “c-” rating to a “d” rating in a research note on Thursday, July 25th.
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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