Dynex Capital Inc (DX): Thomas B Akin , director of Dynex Capital Inc sold 72,317 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $6.74 per share for a total value of $486,983.56 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Thomas B Akin (director) sold 53,905 shares at $6.85 per share price.On May 31, 2016, Barry Igdaloff (director) sold 8,911 shares at $6.63 per share price.Also, On Aug 12, 2015, James C Iii Wheat (director) purchased 18,000 shares at $6.49 per share price.On May 29, 2015, Robert A Salcetti (director) purchased 5,500 shares at $7.76 per share price.
Dynex Capital Inc (DX) witnessed a volatile trading activity on Friday Jun 24, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.57 and reached the intraday high at $6.824. The bulls started the profit booking and pushed the shares to intraday low of $6.502. The trading session was marked by a volume range of 7,25,208 shares exchanging hands. The 52-week high of the shares is $7.88 and the 52-week low is $5.22. The market cap of the company stands at $332 M and there are 4,90,98,058 shares in public circulation.
Company has been under the radar of several Street Analysts.Dynex Capital Inc is Downgraded by Ladenburg Thalmann to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 28, 2016.
Dynex Capital Inc. is an internally managed mortgage real estate investment trust (mortgage REIT) which invests in residential and commercial mortgage securities on a leveraged basis. The Firm’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. The Firm seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Firm’s operations consisted of originating and securitizing various types of loans principally single-family and commercial mortgage loans and manufactured housing loans. The Firm invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS) and commercial MBS (CMBS) including CMBS interest-only (IO) securities.