Global X Management Co. LLC Has $8,046,000 Position in Capstead Mortgage Corp. (CMO)
Global X Management Co. LLC increased its position in shares of Capstead Mortgage Corp. (NYSE:CMO) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 853,199 shares of the real estate investment trust’s stock after buying an additional 80,525 shares during the period. Global X Management Co. LLC owned 0.89% of Capstead Mortgage Corp. worth $8,046,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of CMO. Pacad Investment Ltd. raised its stake in Capstead Mortgage Corp. by 6.7% in the second quarter. Pacad Investment Ltd. now owns 11,100 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 700 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in Capstead Mortgage Corp. during the third quarter worth about $114,000. Amalgamated Bank raised its stake in Capstead Mortgage Corp. by 10.4% in the second quarter. Amalgamated Bank now owns 11,370 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,067 shares in the last quarter. PineBridge Investments L.P. raised its stake in Capstead Mortgage Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 12,169 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 447 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Capstead Mortgage Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,387 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,623 shares in the last quarter. 67.30% of the stock is currently owned by institutional investors.
Capstead Mortgage Corp. (NYSE:CMO) traded up 1.496% on Tuesday, reaching $10.515. The company had a trading volume of 473,122 shares. The firm has a market capitalization of $1.01 billion, a PE ratio of 12.981 and a beta of 0.33. The stock has a 50 day moving average of $9.60 and a 200 day moving average of $9.78. Capstead Mortgage Corp. has a 12 month low of $7.48 and a 12 month high of $10.52.
Capstead Mortgage Corp. (NYSE:CMO) last posted its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.05. Capstead Mortgage Corp. had a net margin of 42.49% and a return on equity of 8.89%. During the same period in the previous year, the company posted $0.18 EPS. On average, analysts anticipate that Capstead Mortgage Corp. will post $0.80 EPS for the current year.
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A number of equities research analysts have issued reports on CMO shares. TheStreet raised Capstead Mortgage Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. Zacks Investment Research upgraded Capstead Mortgage Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, Keefe, Bruyette & Woods set a $9.50 price objective on Capstead Mortgage Corp. and gave the company a “market perform” rating in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Capstead Mortgage Corp. currently has a consensus rating of “Hold” and a consensus target price of $10.75.
In other Capstead Mortgage Corp. news, Director Michael G. Oneil sold 8,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $9.52, for a total transaction of $76,160.00. Following the transaction, the director now owns 59,087 shares in the company, valued at $562,508.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.
Capstead Mortgage Corp. Company Profile
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises (GSEs), either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).
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