Western Asset Mortgage Capital Corp (WMC): Gavin L James , CEO of Western Asset Mortgage Capital Corp purchased 16,000 shares on Aug 15, 2014. The Insider buying transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.69 per share for a total value of $235,040.00 according the SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.Western Asset Mortgage Capital Corp is Downgraded by Wells Fargo to Underperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Apr 11, 2016.Western Asset Mortgage Capital Corp is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 12 from a previous price target of $13 . The Rating was issued on Mar 10, 2016.Western Asset Mortgage Capital Corp is Reiterated by Wunderlich to Hold while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . The Rating was issued on Mar 2, 2016.
Currently the company Insiders own 0.41% of Western Asset Mortgage Capital Corp shares according to the proxy statements.Institutional Investors own 30.51% of Western Asset Mortgage Capital Corp shares.During last six month period, the net percent change held by insiders has seen a change of 501.22%.
Shares of Western Asset Mortgage Capital Corp (WMC) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.51% at $9.83 with 6,45,789 shares getting traded. Post opening the session at $9.85, the shares hit an intraday low of $9.8 and an intraday high of $9.95 and the price vacillated in this range throughout the day. The company has a market cap of $412 M and the number of outstanding shares has been calculated to be 4,19,19,801 shares. The 52-week high of Western Asset Mortgage Capital Corp is $15.65 and the 52-week low is $8.04.
Western Asset Mortgage Capital Corporation is a specialty financial real estate investment trust (REIT) managing a diversified mortgage-market investment portfolio including undervalued assets. The Company’s is primarily focused on investing in financing and managing Agency residential mortgage-backed securities (RMBS) (including To-Be-Announced securities (TBAs)) Non-Agency RMBS and Agency and Non-Agency commercial mortgage-backed securities (CMBS). In addition the Company also invests in other securities including certain Agency obligations that are not technically mortgage-backed securities (MBS) as well as certain Non United States CMBS and asset-backed securities (ABS) investments secured by a portfolio private student loans and interests in residential whole-loans. The Company is externally managed and advised by Western Asset Management Company (the Manager).