New Vernon Investment Management adds Annaly Capital Management (NLY) to its portfolio

Annaly Capital Management (NLY) : New Vernon Investment Management added new position in Annaly Capital Management during the most recent quarter end. The investment management firm now holds 400,000 shares of Annaly Capital Management which is valued at $4.4 Million , the company said in a statement filed on May 13, 2016 with the SEC.Annaly Capital Management makes up approximately 3.81% of New Vernon Investment Management’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in NLY in the latest quarter, The investment management firm added 6,519,800 additional shares and now holds a total of 13,768,700 shares of Annaly Capital Management which is valued at $152.1 Million. Annaly Capital Management makes up approx 0.29% of Renaissance Technologies’s portfolio.Signaturefd reduced its stake in NLY by selling 7 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 635 shares of NLY which is valued at $7,017.Bronfman E.l. Rothschild reduced its stake in NLY by selling 72 shares or 6.98% in the most recent quarter. The Hedge Fund company now holds 959 shares of NLY which is valued at $10,405.United Asset Strategies reduced its stake in NLY by selling 3,333 shares or 6.33% in the most recent quarter. The Hedge Fund company now holds 49,280 shares of NLY which is valued at $534,688. Annaly Capital Management makes up approx 0.23% of United Asset Strategies’s portfolio.State Of Wisconsin Investment Board reduced its stake in NLY by selling 28,030 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 982,753 shares of NLY which is valued at $10.7 Million. Annaly Capital Management makes up approx 0.04% of State Of Wisconsin Investment Board’s portfolio.

Annaly Capital Management closed down -0.07 points or -0.65% at $10.68 with 2,10,92,682 shares getting traded on Wednesday. Post opening the session at $10.76, the shares hit an intraday low of $10.6 and an intraday high of $10.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Annaly Capital Management reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.31.Analysts expectations of $ 289.33.During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Annaly Capital Management. Annaly Capital Management was Downgraded by Compass Point to ” Neutral” on Mar 14, 2016. Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Hold” and Lowered the Price Target to $ 10.50 from a previous price target of $10.75 .FBR Capital Upgraded Annaly Capital Management on Feb 23, 2016 to ” Outperform”, Price Target of the shares are set at $12.

Annaly Capital Management Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments including mortgage pass-through certificates collateralized mortgage obligations (CMOs) Agency callable debentures other securities representing interests in or obligations backed by pools of mortgage loans commercial real estate assets and corporate debt. The Company’s business operations consist of Annaly (the parent company) Annaly Commercial Real Estate Group Inc. (ACREG) RCap Securities Inc. Fixed Income Discount Advisory Company (FIDAC) Annaly Middle Market Lending LLC and Shannon Funding LLC.

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