Western Asset Mortgage Capital (NYSE:WMC) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Western Asset Mortgage Capital (NYSE:WMC) in a research note issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Western Asset Mortgage Capital Trading Down 0.4 %

WMC stock opened at $10.41 on Tuesday. The company has a market cap of $62.86 million, a P/E ratio of -1.46 and a beta of 1.64. Western Asset Mortgage Capital has a twelve month low of $7.00 and a twelve month high of $13.63. The company has a quick ratio of 415.82, a current ratio of 415.82 and a debt-to-equity ratio of 24.54. The business has a fifty day moving average of $10.07 and a 200-day moving average of $9.21.

Institutional Investors Weigh In On Western Asset Mortgage Capital

A number of institutional investors and hedge funds have recently made changes to their positions in WMC. Renaissance Technologies LLC increased its holdings in Western Asset Mortgage Capital by 127.2% in the second quarter. Renaissance Technologies LLC now owns 221,200 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 123,860 shares during the last quarter. Almitas Capital LLC increased its holdings in Western Asset Mortgage Capital by 17.5% in the fourth quarter. Almitas Capital LLC now owns 130,357 shares of the financial services provider’s stock valued at $1,188,000 after purchasing an additional 19,399 shares during the last quarter. BlackRock Inc. increased its holdings in Western Asset Mortgage Capital by 2.1% in the second quarter. BlackRock Inc. now owns 120,152 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 2,524 shares during the last quarter. Saltoro Capital LP bought a new stake in Western Asset Mortgage Capital in the second quarter valued at about $72,000. Finally, Millennium Management LLC increased its holdings in Western Asset Mortgage Capital by 50.9% in the fourth quarter. Millennium Management LLC now owns 66,111 shares of the financial services provider’s stock valued at $602,000 after purchasing an additional 22,308 shares during the last quarter. Institutional investors own 14.66% of the company’s stock.

Western Asset Mortgage Capital Company Profile

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.