American Capital Mortgage Investment Crp (MTGE) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.44 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.46. The company posted revenue of $27.49 million in the period, compared to analysts expectations of $35.45 million. The company’s revenue was down -26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
American Capital Mortgage Investment Crp opened for trading at $14.9 and hit $14.94 on the upside on Friday, eventually ending the session at $14.88, with a gain of 0.13% or 0.02 points. The heightened volatility saw the trading volume jump to 3,14,673 shares. Company has a market cap of $709 M.
In a different news, on Apr 4, 2016, Christopher Kuehl (Senior VP) sold 912 shares at $14.40 per share price. According to the SEC, on Apr 4, 2016, Peter J Federico (SVP and Chief Risk Officer) sold 662 shares at $14.40 per share price. On Mar 11, 2016, Donald Holley (SVP and Chief Accounting Off) sold 369 shares at $13.97 per share price, according to the Form-4 filing with the securities and exchange commission.
American Capital Mortgage Investment Corp. is a mortgage real estate investment trust (REIT) that invests in finances and manages a leveraged portfolio of mortgage-related investments including agency residential mortgage-backed securities (RMBS) non-agency mortgage investments and other mortgage-related investments. The Company invests in residential mortgage pass-through certificates collateralized mortgage obligations mortgage servicing rights (MSR) mortgage REIT equity securities commercial mortgage-backed securities commercial mortgage loans and mortgage-related derivatives. The Company’s subsidiary Residential Credit Solutions Inc. holds and manages MSR and residential mortgage loans. American Capital MTGE Management LLC is an indirect subsidiary of American Capital Asset Management LLC which is a portfolio company of American Capital Ltd.