Global X MANAGEMENT CO LLC Increases Stake in Capstead Mortgage Corporation (CMO)

Global X MANAGEMENT CO LLC lifted its holdings in Capstead Mortgage Corporation (NYSE:CMO) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,063,104 shares of the real estate investment trust’s stock after purchasing an additional 71,497 shares during the period. Global X MANAGEMENT CO LLC owned about 1.11% of Capstead Mortgage Corporation worth $10,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Capstead Mortgage Corporation by 1.3% in the 2nd quarter. BlackRock Inc. now owns 14,393,691 shares of the real estate investment trust’s stock worth $150,126,000 after purchasing an additional 180,542 shares during the period. Vanguard Group Inc. lifted its position in shares of Capstead Mortgage Corporation by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,821,172 shares of the real estate investment trust’s stock worth $92,005,000 after purchasing an additional 29,224 shares during the period. Paradice Investment Management LLC lifted its position in shares of Capstead Mortgage Corporation by 4.7% in the 2nd quarter. Paradice Investment Management LLC now owns 5,466,611 shares of the real estate investment trust’s stock worth $57,017,000 after purchasing an additional 245,600 shares during the period. State Street Corp lifted its position in shares of Capstead Mortgage Corporation by 1.5% in the 2nd quarter. State Street Corp now owns 2,724,714 shares of the real estate investment trust’s stock worth $28,418,000 after purchasing an additional 41,235 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Capstead Mortgage Corporation by 2.1% in the 2nd quarter. Northern Trust Corp now owns 2,603,062 shares of the real estate investment trust’s stock worth $27,150,000 after purchasing an additional 53,399 shares during the period. 71.88% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub cut shares of Capstead Mortgage Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Capstead Mortgage Corporation has an average rating of “Hold” and an average target price of $11.00.

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Capstead Mortgage Corporation (CMO) traded down $0.03 during midday trading on Friday, hitting $8.74. 502,400 shares of the company traded hands, compared to its average volume of 652,192. The company has a debt-to-equity ratio of 12.29, a quick ratio of 13.31 and a current ratio of 15.28. The company has a market cap of $839.96, a price-to-earnings ratio of 14.33 and a beta of 0.30. Capstead Mortgage Corporation has a 1 year low of $8.52 and a 1 year high of $11.41.

Capstead Mortgage Corporation (NYSE:CMO) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $57.44 million for the quarter, compared to the consensus estimate of $24.10 million. Capstead Mortgage Corporation had a return on equity of 7.16% and a net margin of 34.00%. During the same quarter last year, the firm earned $0.13 EPS.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.76 dividend on an annualized basis and a yield of 8.70%. Capstead Mortgage Corporation’s payout ratio is 124.59%.

Capstead Mortgage Corporation Profile

Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).

Institutional Ownership by Quarter for Capstead Mortgage Corporation (NYSE:CMO)

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