LSV Asset Management Acquires 63,000 Shares of Western Asset Mortgage Capital Corp (WMC)

LSV Asset Management lifted its holdings in Western Asset Mortgage Capital Corp (NYSE:WMC) by 27.1% during the 4th quarter, Holdings Channel reports. The firm owned 295,900 shares of the financial services provider’s stock after acquiring an additional 63,000 shares during the quarter. LSV Asset Management’s holdings in Western Asset Mortgage Capital were worth $2,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMC. Renaissance Technologies LLC increased its position in shares of Western Asset Mortgage Capital by 48.7% in the third quarter. Renaissance Technologies LLC now owns 2,019,910 shares of the financial services provider’s stock worth $20,239,000 after acquiring an additional 661,810 shares in the last quarter. Vanguard Group Inc increased its position in shares of Western Asset Mortgage Capital by 14.1% in the third quarter. Vanguard Group Inc now owns 2,080,151 shares of the financial services provider’s stock worth $20,843,000 after acquiring an additional 257,111 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Western Asset Mortgage Capital by 14.1% in the third quarter. Vanguard Group Inc. now owns 2,080,151 shares of the financial services provider’s stock worth $20,843,000 after acquiring an additional 257,111 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Western Asset Mortgage Capital in the third quarter worth approximately $2,505,000. Finally, BlackRock Inc. increased its position in shares of Western Asset Mortgage Capital by 5.0% in the third quarter. BlackRock Inc. now owns 4,121,398 shares of the financial services provider’s stock worth $41,296,000 after acquiring an additional 194,997 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Western Asset Mortgage Capital stock opened at $9.95 on Friday. The company has a market capitalization of $478.79 million, a PE ratio of 8.65 and a beta of 0.77. The company has a current ratio of 717.12, a quick ratio of 717.12 and a debt-to-equity ratio of 8.77. Western Asset Mortgage Capital Corp has a fifty-two week low of $8.26 and a fifty-two week high of $11.38.

The company also recently announced a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Monday, December 31st were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 12.46%. The ex-dividend date was Friday, December 28th. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is currently 107.83%.

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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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