American Capital Mortgage Investment (MTGE) : American Capital Mortgage Investment (MTGE) had a healthy money flow of $2.52 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $3.35 million, whereas, investors only sold shares worth $0.83 million on downticks. The stock closed the day with an up-down ratio of 4.02.The money flow in the block trades to the tune of $2.47 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.47 million worth of transactions were on upticks. American Capital Mortgage Investment (MTGE) stock slid $0.01 intraday and traded at 16.31, a change of -0.03% over previous days close. However, for the week, the company shares are 3.79% compared to previous weeks close.
American Capital Mortgage Investment (MTGE) : The highest level American Capital Mortgage Investment (MTGE) is projected to reach is $19 for the short term and the lowest estimate is at $15. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $17 and the possibility the share price can swing is $2.
American Capital Mortgage Investment (NASDAQ:MTGE): stock turned positive on Friday. Though the stock opened at $16.35, the bulls momentum made the stock top out at $16.4 level for the day. The stock recorded a low of $16.215 and closed the trading day at $16.34, in the green by 0.18%. The total traded volume for the day was 634,695. The stock had closed at $16.31 in the previous days trading.
In a related news, Pas Aaron, officer (SVP) of American Capital Mortgage Investment Corp., unloaded 20,261 shares at an average price of $15.61 on July 5, 2016. The total amount of the transaction was worth $316,274, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
American Capital Mortgage Investment Corp. is a mortgage real estate investment trust (REIT) that invests in, finances and manages a leveraged portfolio of mortgage-related investments, including agency residential mortgage-backed securities (RMBS), non-agency mortgage investments and other mortgage-related investments. The Company invests in residential mortgage pass-through certificates, collateralized mortgage obligations, mortgage servicing rights (MSR), mortgage REIT equity securities, commercial mortgage-backed securities, commercial mortgage loans and mortgage-related derivatives. The Companys subsidiary, Residential Credit Solutions, Inc., holds and manages MSR and residential mortgage loans. American Capital MTGE Management, LLC is an indirect subsidiary of American Capital Asset Management, LLC, which is a portfolio company of American Capital, Ltd.