Schwab Charles Investment Management Inc. increased its position in shares of Western Asset Mortgage Capital Corporation (NYSE:WMC) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 307,585 shares of the financial services provider’s stock after buying an additional 23,597 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.73% of Western Asset Mortgage Capital Corporation worth $3,006,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Western Asset Mortgage Capital Corporation by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 204,291 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 13,287 shares during the last quarter. Hancock Holding Co. boosted its stake in shares of Western Asset Mortgage Capital Corporation by 16.7% in the first quarter. Hancock Holding Co. now owns 70,000 shares of the financial services provider’s stock worth $684,000 after buying an additional 10,000 shares during the period. Prudential Financial Inc. boosted its stake in shares of Western Asset Mortgage Capital Corporation by 40.4% in the first quarter. Prudential Financial Inc. now owns 248,875 shares of the financial services provider’s stock worth $2,432,000 after buying an additional 71,600 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Western Asset Mortgage Capital Corporation by 22.2% in the first quarter. Parametric Portfolio Associates LLC now owns 213,556 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 38,849 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Western Asset Mortgage Capital Corporation by 8.5% in the first quarter. Wells Fargo & Company MN now owns 108,839 shares of the financial services provider’s stock worth $1,064,000 after buying an additional 8,507 shares during the period. Institutional investors and hedge funds own 38.01% of the company’s stock.

Shares of Western Asset Mortgage Capital Corporation (NYSE:WMC) traded up 0.38% during mid-day trading on Friday, reaching $10.57. 247,806 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $10.37 and a 200-day moving average price of $10.23. Western Asset Mortgage Capital Corporation has a one year low of $9.43 and a one year high of $11.18. The stock has a market cap of $443.08 million, a PE ratio of 12.87 and a beta of 0.72.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, June 30th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.73%. The ex-dividend date was Wednesday, June 28th. Western Asset Mortgage Capital Corporation’s payout ratio is 151.22%.

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A number of brokerages have commented on WMC. Zacks Investment Research raised shares of Western Asset Mortgage Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Thursday, July 27th. TheStreet raised shares of Western Asset Mortgage Capital Corporation from a “d” rating to a “c” rating in a research report on Thursday, May 4th. JMP Securities began coverage on shares of Western Asset Mortgage Capital Corporation in a research report on Tuesday, July 25th. They set a “market perform” rating on the stock. Finally, BidaskClub cut shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.00.

In other news, insider Jennifer Murphy acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $10.22 per share, for a total transaction of $51,100.00. Following the completion of the transaction, the insider now owns 37,500 shares of the company’s stock, valued at $383,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by insiders.

About Western Asset Mortgage Capital Corporation

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

Institutional Ownership by Quarter for Western Asset Mortgage Capital Corporation (NYSE:WMC)

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