Claraphi Advisory Network LLC Takes Position in Annaly Capital Management, Inc. (NLY)
Claraphi Advisory Network LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,943 shares of the real estate investment trust’s stock, valued at approximately $249,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of NLY. Salem Investment Counselors Inc. bought a new position in shares of Annaly Capital Management in the third quarter valued at $100,000. Advisory Services Network LLC increased its holdings in shares of Annaly Capital Management by 9.0% in the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 806 shares in the last quarter. Wellington Shields Capital Management LLC bought a new position in shares of Annaly Capital Management in the third quarter valued at $122,000. Advisor Partners LLC bought a new position in shares of Annaly Capital Management in the fourth quarter valued at $122,000. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of Annaly Capital Management in the fourth quarter valued at $125,000. 55.14% of the stock is currently owned by institutional investors.
In other news, CFO Glenn Votek acquired 25,000 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $11.73 per share, for a total transaction of $293,250.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donnell Segalas acquired 9,800 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the completion of the transaction, the director now owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 160,080 shares of company stock worth $1,903,984. Corporate insiders own 0.43% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.75%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management’s payout ratio is 48.00%.
Several research firms have issued reports on NLY. Bank of America raised Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Annaly Capital Management currently has a consensus rating of “Buy” and an average price target of $12.21.
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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