Stevens Capital Management LP Acquires 19,646 Shares of Capstead Mortgage Corporation (CMO)
Stevens Capital Management LP increased its holdings in Capstead Mortgage Corporation (NYSE:CMO) by 62.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,156 shares of the real estate investment trust’s stock after acquiring an additional 19,646 shares during the quarter. Stevens Capital Management LP owned approximately 0.05% of Capstead Mortgage Corporation worth $494,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Capstead Mortgage Corporation by 52,762.5% in the 1st quarter. BlackRock Inc. now owns 14,213,149 shares of the real estate investment trust’s stock valued at $149,808,000 after buying an additional 14,186,262 shares during the period. Vanguard Group Inc. increased its stake in Capstead Mortgage Corporation by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 8,791,948 shares of the real estate investment trust’s stock valued at $92,667,000 after buying an additional 531,000 shares during the period. Thrivent Financial For Lutherans increased its stake in Capstead Mortgage Corporation by 749.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 460,100 shares of the real estate investment trust’s stock valued at $4,798,000 after buying an additional 405,930 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Capstead Mortgage Corporation in the 2nd quarter valued at $3,721,000. Finally, State Street Corp increased its stake in Capstead Mortgage Corporation by 13.2% in the 1st quarter. State Street Corp now owns 2,683,479 shares of the real estate investment trust’s stock valued at $28,285,000 after buying an additional 313,330 shares during the period. 70.63% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of Capstead Mortgage Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th.
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Capstead Mortgage Corporation (NYSE CMO) opened at $8.88 on Friday. The company has a debt-to-equity ratio of 12.29, a current ratio of 15.28 and a quick ratio of 15.28. The stock has a market cap of $850.53, a price-to-earnings ratio of 14.51 and a beta of 0.30. Capstead Mortgage Corporation has a 12 month low of $8.52 and a 12 month high of $11.41.
Capstead Mortgage Corporation (NYSE:CMO) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $57.44 million during the quarter, compared to analyst estimates of $24.10 million. Capstead Mortgage Corporation had a net margin of 34.00% and a return on equity of 7.16%. During the same period in the prior year, the firm posted $0.13 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.56%. Capstead Mortgage Corporation’s dividend payout ratio (DPR) is presently 126.67%.
Capstead Mortgage Corporation Profile
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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