Western Asset Mortgage Capital Corp (WMC) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in Western Asset Mortgage Capital Corp (NYSE:WMC) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,365,161 shares of the financial services provider’s stock after purchasing an additional 105,351 shares during the quarter. Prudential Financial Inc.’s holdings in Western Asset Mortgage Capital were worth $13,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WMC. SG Americas Securities LLC grew its position in shares of Western Asset Mortgage Capital by 64.9% during the 3rd quarter. SG Americas Securities LLC now owns 15,944 shares of the financial services provider’s stock worth $160,000 after buying an additional 6,276 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Western Asset Mortgage Capital during the 3rd quarter worth approximately $550,000. Chicago Equity Partners LLC grew its position in shares of Western Asset Mortgage Capital by 286.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 199,440 shares of the financial services provider’s stock worth $1,998,000 after buying an additional 147,809 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Western Asset Mortgage Capital during the 3rd quarter worth approximately $208,000. Finally, First Trust Advisors LP acquired a new stake in shares of Western Asset Mortgage Capital during the 3rd quarter worth approximately $633,000. 39.64% of the stock is currently owned by institutional investors.

Separately, ValuEngine downgraded shares of Western Asset Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th.

Shares of WMC stock opened at $10.09 on Friday. The company has a market cap of $485.49 million, a PE ratio of 7.53 and a beta of 0.43. Western Asset Mortgage Capital Corp has a 52 week low of $8.54 and a 52 week high of $11.38. The company has a debt-to-equity ratio of 8.77, a current ratio of 717.12 and a quick ratio of 717.12.

Western Asset Mortgage Capital (NYSE:WMC) last announced its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $15.94 million during the quarter, compared to the consensus estimate of $19.20 million. Western Asset Mortgage Capital had a net margin of 31.62% and a return on equity of 11.50%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS.

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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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