Orinda Asset Management LLC Takes Position in Western Asset Mortgage Capital Corp (NYSE:WMC)

Orinda Asset Management LLC purchased a new stake in shares of Western Asset Mortgage Capital Corp (NYSE:WMC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,000 shares of the financial services provider’s stock, valued at approximately $399,000. Western Asset Mortgage Capital accounts for about 0.5% of Orinda Asset Management LLC’s holdings, making the stock its 29th biggest holding. Orinda Asset Management LLC owned 0.08% of Western Asset Mortgage Capital as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Western Asset Mortgage Capital by 1.3% during the 2nd quarter. Creative Planning now owns 80,458 shares of the financial services provider’s stock valued at $803,000 after buying an additional 995 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Western Asset Mortgage Capital during the 1st quarter valued at $26,000. Rhumbline Advisers lifted its holdings in shares of Western Asset Mortgage Capital by 5.9% during the 1st quarter. Rhumbline Advisers now owns 62,522 shares of the financial services provider’s stock valued at $640,000 after buying an additional 3,504 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Western Asset Mortgage Capital by 139.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,737 shares of the financial services provider’s stock valued at $100,000 after buying an additional 5,669 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Western Asset Mortgage Capital during the 2nd quarter valued at $76,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jennifer Murphy bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of $9.98 per share, with a total value of $99,800.00. Following the acquisition, the director now owns 85,000 shares in the company, valued at $848,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CIO Harris Trifon bought 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $10.05 per share, for a total transaction of $35,175.00. Following the completion of the acquisition, the executive now owns 6,003 shares in the company, valued at approximately $60,330.15. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.



Western Asset Mortgage Capital stock traded up $0.09 during trading on Friday, reaching $9.69. The company had a trading volume of 7,019 shares, compared to its average volume of 327,074. Western Asset Mortgage Capital Corp has a 52 week low of $8.26 and a 52 week high of $11.38. The firm’s 50-day simple moving average is $10.00 and its 200 day simple moving average is $10.11. The firm has a market capitalization of $516.81 million, a price-to-earnings ratio of 7.11 and a beta of 0.78. The company has a current ratio of 943.01, a quick ratio of 943.01 and a debt-to-equity ratio of 8.45.

Western Asset Mortgage Capital (NYSE:WMC) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). Western Asset Mortgage Capital had a return on equity of 11.60% and a net margin of 18.19%. The company had revenue of $15.86 million during the quarter, compared to the consensus estimate of $20.80 million. During the same period in the prior year, the business posted $0.36 earnings per share. On average, analysts predict that Western Asset Mortgage Capital Corp will post 1.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 1st were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.24 dividend on an annualized basis and a yield of 12.80%. Western Asset Mortgage Capital’s dividend payout ratio is currently 91.18%.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a report on Sunday, July 14th. ValuEngine cut Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a report on Tuesday.

Western Asset Mortgage Capital Company Profile

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets.

Read More: What is the strike price in options trading?

Want to see what other hedge funds are holding WMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Mortgage Capital Corp (NYSE:WMC).

Institutional Ownership by Quarter for Western Asset Mortgage Capital (NYSE:WMC)

Receive News & Ratings for Western Asset Mortgage Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Mortgage Capital and related companies with MarketBeat.com's FREE daily email newsletter.