News articles about Western Asset Mortgage Capital (NYSE:WMC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Asset Mortgage Capital earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.6074378709921 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, Zacks Investment Research upgraded Western Asset Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th.
Western Asset Mortgage Capital (NYSE:WMC) opened at $9.85 on Monday. Western Asset Mortgage Capital has a 52 week low of $9.43 and a 52 week high of $10.95. The company has a quick ratio of 128.12, a current ratio of 128.12 and a debt-to-equity ratio of 7.34. The stock has a market capitalization of $412.91, a PE ratio of 16.70 and a beta of 0.67.
Western Asset Mortgage Capital (NYSE:WMC) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $18.57 million during the quarter, compared to analysts’ expectations of $17.10 million. During the same quarter last year, the firm earned $0.35 EPS. Western Asset Mortgage Capital’s revenue for the quarter was down 5.5% on a year-over-year basis. equities research analysts expect that Western Asset Mortgage Capital will post 1.18 EPS for the current fiscal year.
Western Asset Mortgage Capital declared that its board has initiated a stock repurchase plan on Thursday, December 21st that authorizes the company to repurchase 2,100,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, January 2nd will be paid a $0.31 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.24 annualized dividend and a yield of 12.59%. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is presently 210.17%.
In related news, insider Jennifer Murphy bought 10,000 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were bought at an average price of $10.22 per share, for a total transaction of $102,200.00. Following the completion of the purchase, the insider now directly owns 47,500 shares of the company’s stock, valued at $485,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by insiders.
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About Western Asset Mortgage Capital
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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