Dynex Capital Inc (DX): Thomas B Akin , director of Dynex Capital Inc sold 36,021 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $6.73 per share for a total value of $242,402.91 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 18, 2016, Thomas B Akin (director) sold 62,214 shares at $6.68 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: On Monday, Jul 18, 2016 heightened volatility was witnessed in Dynex Capital Inc which led to swings in the share price. The shares opened for trading at $6.65 and hit $6.75 on the upside , eventually ending the session at $6.75, with a gain of 1.05% or 0.07 points. The heightened volatility saw the trading volume jump to 1,67,321 shares. The 52-week high of the share price is $7.55 and the company has a market cap of $331 M . The 52-week low of the share price is at $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.