Anworth Mortgage Asset Corporation (NYSE:ANH) has tumbled 1.69% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.65% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.51%. Anworth Mortgage Asset Corporation (NYSE:ANH) has underperformed the index by 0.27% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Anworth Mortgage Asset Corporation (NYSE:ANH): The stock opened at $4.67 on Friday but the bulls could not build on the opening and the stock topped out at $4.71 for the day. The stock traded down to $4.64 during the day, due to lack of any buying support eventually closed down at $4.65 with a loss of -0.43% for the day. The stock had closed at $4.67 on the previous day. The total traded volume was 1,742,094 shares.
The company shares have dropped -12.76% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $5.34 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.68 and the 200 Day Moving Average price is recorded at $4.57.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Anworth Mortgage Asset Corp, Ault Lee A Iii, had purchased 41,000 shares in a transaction dated on November 5, 2015. The transaction was executed at $4.66 per share with total amount equaling $191,060.
Currently the company Insiders own 1.9% of Anworth Mortgage Asset Corporation shares according to the proxy statements. Institutional Investors own 58.41% of Anworth Mortgage Asset Corporation shares.
Anworth Mortgage Asset Corporation is a real estate investment trust. The Company invests in, finances and manages a portfolio of residential mortgage-backed securities, which are agency mortgage-backed securities. It also owns non-agency mortgage-backed securities issued by companies that are not guaranteed by federally sponsored enterprises and that are secured primarily by first-lien residential mortgage loans. Its investment objective is to provide total returns to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its focus is to invest primarily in mortgage-backed securities (MBS). It also has a small portfolio of residential real estate properties, which the Company leases to tenants. It owns around 79 single-family residential properties. Its subsidiaries include Qualified REIT Subsidiary (QRS), Anworth Properties, Inc., and Anworth Property Services, Inc. It is managed and advised by Anworth Management, LLC.