Campbell & CO Investment Adviser LLC bought a new position in shares of CAPSTEAD MTG CO/SH (NYSE:CMO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,300 shares of the real estate investment trust’s stock, valued at approximately $199,000.
A number of other hedge funds also recently made changes to their positions in CMO. Marshall Wace North America L.P. bought a new stake in CAPSTEAD MTG CO/SH in the 1st quarter valued at $67,000. Amalgamated Bank increased its holdings in CAPSTEAD MTG CO/SH by 15.9% in the 4th quarter. Amalgamated Bank now owns 15,354 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 2,107 shares during the period. Goldman Sachs Group Inc. increased its holdings in CAPSTEAD MTG CO/SH by 18.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 273,312 shares of the real estate investment trust’s stock valued at $2,165,000 after buying an additional 43,498 shares during the period. Cubist Systematic Strategies LLC bought a new stake in CAPSTEAD MTG CO/SH in the 4th quarter valued at $484,000. Finally, Geode Capital Management LLC increased its holdings in CAPSTEAD MTG CO/SH by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,238,891 shares of the real estate investment trust’s stock valued at $9,812,000 after buying an additional 41,796 shares during the period. 82.86% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on CMO shares. Bank of America raised shares of CAPSTEAD MTG CO/SH from a “neutral” rating to a “buy” rating in a report on Tuesday, April 28th. Zacks Investment Research lowered shares of CAPSTEAD MTG CO/SH from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st.
CMO opened at $6.15 on Friday. The firm’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $5.95. The company has a debt-to-equity ratio of 11.59, a quick ratio of 35.46 and a current ratio of 19.66. CAPSTEAD MTG CO/SH has a twelve month low of $1.97 and a twelve month high of $8.62. The firm has a market cap of $593.79 million, a price-to-earnings ratio of 10.27 and a beta of 1.32.
CAPSTEAD MTG CO/SH (NYSE:CMO) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. CAPSTEAD MTG CO/SH had a negative net margin of 53.94% and a positive return on equity of 10.43%. The business had revenue of $48.16 million for the quarter. As a group, sell-side analysts anticipate that CAPSTEAD MTG CO/SH will post 0.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.60 annualized dividend and a yield of 9.76%. CAPSTEAD MTG CO/SH’s dividend payout ratio (DPR) is 120.00%.
In related news, Director John L. Bernard purchased 25,000 shares of CAPSTEAD MTG CO/SH stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $4.82 per share, for a total transaction of $120,500.00. Also, CEO Phillip A. Reinsch purchased 20,000 shares of CAPSTEAD MTG CO/SH stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of $4.82 per share, for a total transaction of $96,400.00. 1.90% of the stock is owned by corporate insiders.
About CAPSTEAD MTG CO/SH
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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