Western Asset Mortgage Capital (NYSE:WMC) Stock Rating Lowered by StockNews.com

Western Asset Mortgage Capital (NYSE:WMCGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently commented on WMC. Zacks Investment Research downgraded Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Bank of America lowered their price target on Western Asset Mortgage Capital from $3.00 to $2.00 and set an “underperform” rating on the stock in a report on Wednesday, March 9th.

Western Asset Mortgage Capital stock opened at $1.26 on Thursday. The company has a current ratio of 1,098.13, a quick ratio of 534.84 and a debt-to-equity ratio of 15.45. The business’s fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.97. Western Asset Mortgage Capital has a 12 month low of $1.10 and a 12 month high of $4.19. The company has a market capitalization of $76.08 million, a price-to-earnings ratio of -0.93 and a beta of 1.94.

Western Asset Mortgage Capital (NYSE:WMCGet Rating) last released its earnings results on Thursday, May 5th. The financial services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). Western Asset Mortgage Capital had a positive return on equity of 3.94% and a negative net margin of 53.54%. During the same period in the prior year, the company earned $0.10 earnings per share. On average, equities research analysts predict that Western Asset Mortgage Capital will post 0.25 EPS for the current year.

Several large investors have recently made changes to their positions in WMC. Renaissance Technologies LLC purchased a new stake in Western Asset Mortgage Capital during the fourth quarter valued at $32,000. Squarepoint Ops LLC purchased a new stake in Western Asset Mortgage Capital during the third quarter valued at $33,000. Fortress Wealth Management Inc. purchased a new stake in Western Asset Mortgage Capital during the fourth quarter valued at $39,000. O Shaughnessy Asset Management LLC increased its position in Western Asset Mortgage Capital by 820.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,928 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 17,763 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Western Asset Mortgage Capital during the fourth quarter valued at $43,000. 22.99% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Mortgage Capital Company Profile (Get Rating)

Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments.

Further Reading

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.