Western Asset Mortgage Capital Corp (WMC) reported quarterly earnings results on Friday, May-6-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $0.39. Analysts expectations of $24.94 million. During the same quarter in the previous year, the company posted $0.82 EPS.
Many Wall Street Analysts have commented on Western Asset Mortgage Capital Corp. Western Asset Mortgage Capital Corp was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016. Shares were Reiterated by Deutsche Bank on Mar 10, 2016 to “Hold” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Reiterated by Wunderlich on Mar 2, 2016 to “Hold” and Lowered the Price Target to $ 10 from a previous price target of $11 .
Western Asset Mortgage Capital Corp opened for trading at $9.64 and hit $9.77 on the upside on Wednesday, eventually ending the session at $9.74, with a gain of 0.52% or 0.05 points. The heightened volatility saw the trading volume jump to 4,02,655 shares. Company has a market cap of $408 M.
In a different news, on Apr 13, 2016, Gavin L James (CEO) purchased 730 shares at $15.21 per share price. According to the SEC, on Dec 28, 2015, Elliott Neumayer (COO) purchased 200 shares at $10.84 per share price.
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).