Private Advisor Group LLC Has $1.87 Million Stake in Annaly Capital Management Inc (NLY)
Private Advisor Group LLC lifted its position in Annaly Capital Management Inc (NYSE:NLY) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,829 shares of the real estate investment trust’s stock after acquiring an additional 29,702 shares during the quarter. Private Advisor Group LLC’s holdings in Annaly Capital Management were worth $1,866,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Balentine LLC bought a new stake in shares of Annaly Capital Management in the 2nd quarter worth about $114,000. Advisory Services Network LLC increased its stake in Annaly Capital Management by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 806 shares during the period. Wellington Shields Capital Management LLC purchased a new position in Annaly Capital Management in the 3rd quarter worth about $122,000. Staley Capital Advisers Inc. purchased a new position in Annaly Capital Management in the 3rd quarter worth about $126,000. Finally, Signet Financial Management LLC purchased a new position in Annaly Capital Management in the 2nd quarter worth about $126,000. Hedge funds and other institutional investors own 54.45% of the company’s stock.
Annaly Capital Management Inc (NLY) traded down $0.02 during mid-day trading on Thursday, reaching $11.95. 7,629,000 shares of the company traded hands, compared to its average volume of 8,503,839. The stock has a market cap of $13,879.73, a P/E ratio of 9.89, a PEG ratio of 2.29 and a beta of 0.22. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, October 6th. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.77.
In other Annaly Capital Management news, CFO Glenn Votek bought 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $11.73 per share, with a total value of $293,250.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donnell Segalas bought 9,800 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average cost of $11.34 per share, for a total transaction of $111,132.00. Following the transaction, the director now directly owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Insiders have acquired a total of 334,800 shares of company stock worth $3,740,382 in the last three months. Insiders own 0.43% of the company’s stock.
Annaly Capital Management Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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