Hatteras Financial Corp (NYSE:HTS) has tumbled 0.55% during the past week and has dropped 1.16% in the last 4 week period. The company has outperformed the S&P 500 by 0.64% in the past week but underperformed the index by 2.06% in the last 4 weeks.
Hatteras Financial Corp (NYSE:HTS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.13 and $16.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.19, notching a gain of 0.50% for the day. The total traded volume was 4,689,858 . The stock had closed at $16.11 on the previous day.
The company shares have dropped -8.27% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $17.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.24 and the 200 Day Moving Average price is recorded at $14.32.
Many analysts have stated their opinion on the company shares. Ladenburg Thalmann downgrades their rating on the shares of Hatteras Financial Corp (NYSE:HTS). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 12, 2016. Currently the company Insiders own 1.5% of Hatteras Financial Corp shares according to the proxy statements. Institutional Investors own 79.15% of Hatteras Financial Corp shares.
Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT) that invests primarily in single-family residential mortgage real estate assets, such as mortgage-backed security (MBS) and other financial assets. MBS are pass-through securities consisting of a pool of mortgage loans. The Company invests in both adjustable-rate and fixed-rate MBS. Adjustable rate mortgages (ARMs) are mortgage loans that have floating interest rates. All of its fixed-rate MBS are 10-year and 15-year amortizing fixed-rate securities. The Company has primarily invested in MBS issued or guaranteed by the United States Government agency, such as Ginnie Mae, or by the United States Government-sponsored enterprise, such as Fannie Mae or Freddie Mac. The Company is externally managed and advised by its manager, Atlantic Capital Advisors LLC (ACA).