American Capital Mortgage Investment Crp (MTGE) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.44. Analysts had a consensus of $0.41. Analysts expectations of $28.58 million. During the same quarter in the previous year, the company posted $-0.80 EPS.
American Capital Mortgage Investment Crp closed down -0.05 points or -0.30% at $16.36 with 2,65,942 shares getting traded on Friday. Post opening the session at $16.38, the shares hit an intraday low of $16.28 and an intraday high of $16.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 7, 2016, Aaron Pas (SVP) sold 20,261 shares at $15.61 per share price. According to the SEC, on Jul 7, 2016, Gary D Kain (Dir., CEO, President and CIO) sold 53,598 shares at $15.61 per share price. On Jul 7, 2016, Donald Holley (SVP and Chief Accounting Off) sold 8,528 shares at $15.61 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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.