11,000 Shares in Western Asset Mortgage Capital Corp (WMC) Purchased by Martingale Asset Management L P

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Martingale Asset Management L P purchased a new position in shares of Western Asset Mortgage Capital Corp (NYSE:WMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the financial services provider’s stock, valued at approximately $115,000.

A number of other large investors have also modified their holdings of WMC. Millennium Management LLC purchased a new stake in Western Asset Mortgage Capital during the fourth quarter worth about $297,000. Prudential Financial Inc. increased its stake in shares of Western Asset Mortgage Capital by 11.9% during the first quarter. Prudential Financial Inc. now owns 1,157,280 shares of the financial services provider’s stock worth $11,214,000 after buying an additional 123,500 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Western Asset Mortgage Capital by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 416,532 shares of the financial services provider’s stock worth $4,037,000 after buying an additional 20,756 shares during the period. Aperio Group LLC increased its stake in shares of Western Asset Mortgage Capital by 58.6% during the first quarter. Aperio Group LLC now owns 51,083 shares of the financial services provider’s stock worth $495,000 after buying an additional 18,884 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Western Asset Mortgage Capital by 1.7% during the first quarter. Northern Trust Corp now owns 487,845 shares of the financial services provider’s stock worth $4,728,000 after buying an additional 8,100 shares during the period. Institutional investors own 43.30% of the company’s stock.

WMC stock opened at $11.32 on Friday. The company has a debt-to-equity ratio of 9.98, a quick ratio of 832.49 and a current ratio of 832.49. Western Asset Mortgage Capital Corp has a fifty-two week low of $8.54 and a fifty-two week high of $11.37. The company has a market cap of $463.19 million, a P/E ratio of 9.84 and a beta of 0.48.

Western Asset Mortgage Capital (NYSE:WMC) last released its earnings results on Monday, August 6th. The financial services provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. Western Asset Mortgage Capital had a net margin of 37.46% and a return on equity of 11.92%. The firm had revenue of $19.02 million for the quarter, compared to analyst estimates of $19.90 million. During the same period in the prior year, the firm earned $0.32 earnings per share. analysts anticipate that Western Asset Mortgage Capital Corp will post 1.43 EPS for the current year.

About Western Asset Mortgage Capital

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, and other financial assets.

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

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