Vanguard Group Inc. boosted its stake in Western Asset Mortgage Capital Corporation (NYSE:WMC) by 12.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,785,779 shares of the financial services provider’s stock after buying an additional 197,181 shares during the period. Vanguard Group Inc. owned about 4.26% of Western Asset Mortgage Capital Corporation worth $17,447,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WMC. Teza Capital Management LLC purchased a new stake in shares of Western Asset Mortgage Capital Corporation during the first quarter valued at about $179,000. Karp Capital Management Corp purchased a new stake in shares of Western Asset Mortgage Capital Corporation during the first quarter valued at about $213,000. American International Group Inc. raised its stake in shares of Western Asset Mortgage Capital Corporation by 7.1% in the first quarter. American International Group Inc. now owns 25,214 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,670 shares during the period. ClariVest Asset Management LLC raised its stake in shares of Western Asset Mortgage Capital Corporation by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 27,702 shares of the financial services provider’s stock valued at $270,000 after buying an additional 1,413 shares during the period. Finally, IndexIQ Advisors LLC raised its stake in shares of Western Asset Mortgage Capital Corporation by 12.5% in the first quarter. IndexIQ Advisors LLC now owns 43,846 shares of the financial services provider’s stock valued at $428,000 after buying an additional 4,873 shares during the period. 38.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Western Asset Mortgage Capital Corporation (NYSE:WMC) traded down 0.38% during midday trading on Friday, reaching $10.52. The company’s stock had a trading volume of 59,765 shares. The company has a market cap of $440.99 million, a PE ratio of 12.81 and a beta of 0.72. Western Asset Mortgage Capital Corporation has a 12 month low of $9.43 and a 12 month high of $11.18. The company’s 50-day moving average price is $10.39 and its 200-day moving average price is $10.24.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, June 30th were issued a $0.31 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.24 annualized dividend and a dividend yield of 11.74%. Western Asset Mortgage Capital Corporation’s dividend payout ratio is currently 151.22%.

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Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub lowered Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. JMP Securities assumed coverage on Western Asset Mortgage Capital Corporation in a research note on Tuesday, July 25th. They set a “market perform” rating for the company. Finally, TheStreet raised Western Asset Mortgage Capital Corporation from a “d” rating to a “c” rating in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.00.

In related news, insider Jennifer Murphy acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average cost of $10.22 per share, for a total transaction of $51,100.00. Following the acquisition, the insider now owns 37,500 shares in the company, valued at approximately $383,250. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Western Asset Mortgage Capital Corporation Company Profile

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.

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

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