Hatteras Financial Corp. (HTS) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its position in shares of Hatteras Financial Corp. (NYSE:HTS) by 95.3% during the second quarter, Holdings Channel reports. The institutional investor owned 22,222 shares of the company’s stock after buying an additional 10,843 shares during the period. BNP Paribas Arbitrage SA’s holdings in Hatteras Financial Corp. were worth $364,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Hatteras Financial Corp. by 61.4% in the first quarter. Renaissance Technologies LLC now owns 3,700,500 shares of the company’s stock worth $52,917,000 after buying an additional 1,408,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hatteras Financial Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,299,057 shares of the company’s stock worth $32,877,000 after buying an additional 15,531 shares during the last quarter. Norges Bank bought a new stake in Hatteras Financial Corp. during the fourth quarter worth $11,439,000. Goldman Sachs Group Inc. increased its stake in Hatteras Financial Corp. by 100.5% in the first quarter. Goldman Sachs Group Inc. now owns 745,908 shares of the company’s stock worth $10,667,000 after buying an additional 373,892 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Hatteras Financial Corp. by 7.7% in the first quarter. Geode Capital Management LLC now owns 613,609 shares of the company’s stock worth $8,774,000 after buying an additional 43,615 shares during the last quarter.
Hatteras Financial Corp. (NYSE:HTS) remained flat at $16.29 during trading on Friday. Hatteras Financial Corp. has a 1-year low of $10.54 and a 1-year high of $17.19. The firm has a 50-day moving average price of $16.18 and a 200-day moving average price of $14.63.
Separately, Zacks Investment Research raised shares of Hatteras Financial Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.68.
About Hatteras Financial Corp.
Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT) that invests in single-family residential mortgage real estate assets, such as mortgage-backed security (MBS), mortgage servicing right (MSR), residential mortgage loans and other financial assets. MBS are pass-through securities consisting of a pool of mortgage loans.
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