Anworth Mortgage Asset Corporation (ANH) Releases Earnings Results, Beats Expectations By $0.01 EPS

Anworth Mortgage Asset Corporation (ANH) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.14. Analysts expectations of $18.95 million. During the same quarter in the previous year, the company posted $0.15 EPS.

Anworth Mortgage Asset Corporation closed down -0.08 points or -1.61% at $4.88 with 4,11,377 shares getting traded on Tusday. Post opening the session at $4.96, the shares hit an intraday low of $4.87 and an intraday high of $4.96 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Nov 5, 2015, Lee A Iii Ault (director) purchased 41,000 shares at $4.66 per share price. According to the SEC, on Aug 10, 2015, Thad M Brown (CFO & Secretary) sold 2,331 shares at $5.10 per share price. On Mar 5, 2015, Mortgage Asset Corp Anworth (director) purchased 30,000 shares at $5.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Anworth Mortgage Asset Corporation is a real estate investment trust. The Company invests in finances and manages a portfolio of residential mortgage-backed securities which are agency mortgage-backed securities. It also owns non-agency mortgage-backed securities issued by companies that are not guaranteed by federally sponsored enterprises and that are secured primarily by first-lien residential mortgage loans. Its investment objective is to provide total returns to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its focus is to invest primarily in mortgage-backed securities (MBS). It also has a small portfolio of residential real estate properties which the Company leases to tenants. It owns around 79 single-family residential properties. Its subsidiaries include Qualified REIT Subsidiary (QRS) Anworth Properties Inc. and Anworth Property Services Inc. It is managed and advised by Anworth Management LLC.

Anworth Mortgage Asset Corporation

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