Dynex Capital Inc (DX): Thomas B Akin , director of Dynex Capital Inc sold 96,364 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $6.70 per share for a total value of $646,806.06 , 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 27, 2016, Thomas B Akin (director) sold 72,317 shares at $6.74 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.
Shares of Dynex Capital Inc (DX) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -1.62% at $6.66 with 2,29,413 shares getting traded. Post opening the session at $6.72, the shares hit an intraday low of $6.605 and an intraday high of $6.77 and the price vacillated in this range throughout the day. The company has a market cap of $327 M and the number of outstanding shares has been calculated to be 4,90,98,058 shares. The 52-week high of Dynex Capital Inc is $7.79 and the 52-week low is $5.22.
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.