News articles about Western Asset Mortgage Capital (NYSE:WMC) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Asset Mortgage Capital earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.1603248005163 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, Zacks Investment Research raised shares of Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th.
Western Asset Mortgage Capital (NYSE WMC) opened at $9.90 on Thursday. The company has a debt-to-equity ratio of 7.34, a current ratio of 128.12 and a quick ratio of 128.12. Western Asset Mortgage Capital has a 1 year low of $9.43 and a 1 year high of $10.95. The company has a market cap of $415.01, a P/E ratio of 16.50 and a beta of 0.71.
Western Asset Mortgage Capital (NYSE:WMC) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Western Asset Mortgage Capital had a net margin of 18.57% and a return on equity of 1.81%. The business had revenue of $18.57 million during the quarter, compared to analysts’ expectations of $17.10 million. During the same period in the prior year, the business earned $0.35 EPS. The business’s quarterly revenue was down 5.5% on a year-over-year basis. equities research analysts forecast that Western Asset Mortgage Capital will post 1.18 earnings per share for the current fiscal year.
Western Asset Mortgage Capital declared that its Board of Directors has approved a stock buyback plan on Thursday, December 21st that allows the company to repurchase 2,100,000 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, January 2nd will be given a $0.31 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.24 annualized dividend and a yield of 12.53%. Western Asset Mortgage Capital’s dividend payout ratio is presently 206.67%.
In other news, insider Jennifer Murphy acquired 10,000 shares of Western Asset Mortgage Capital stock in a transaction dated Wednesday, December 27th. The shares were acquired at an average cost of $10.22 per share, for a total transaction of $102,200.00. Following the acquisition, the insider now owns 47,500 shares of the company’s stock, valued at $485,450. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.
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Western Asset Mortgage Capital Company Profile
Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.
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