10,017 Shares in Invesco Mortgage Capital Inc (IVR) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC bought a new position in shares of Invesco Mortgage Capital Inc (NYSE:IVR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,017 shares of the real estate investment trust’s stock, valued at approximately $172,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. American International Group Inc. raised its holdings in Invesco Mortgage Capital by 8.1% during the third quarter. American International Group Inc. now owns 75,412 shares of the real estate investment trust’s stock worth $1,292,000 after purchasing an additional 5,638 shares in the last quarter. Rothschild Asset Management Inc. purchased a new position in Invesco Mortgage Capital during the third quarter worth about $11,342,000. Systematic Financial Management LP purchased a new position in Invesco Mortgage Capital during the third quarter worth about $1,550,000. Dynamic Technology Lab Private Ltd purchased a new position in Invesco Mortgage Capital during the third quarter worth about $355,000. Finally, Cipher Capital LP raised its holdings in Invesco Mortgage Capital by 45.1% during the third quarter. Cipher Capital LP now owns 330,514 shares of the real estate investment trust’s stock worth $5,662,000 after purchasing an additional 102,704 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.
In related news, EVP David B. Lyle bought 2,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $16.97 per share, with a total value of $33,940.00. Following the completion of the acquisition, the executive vice president now owns 17,268 shares in the company, valued at approximately $293,037.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company’s stock.
Invesco Mortgage Capital Inc (NYSE:IVR) traded up $0.03 during midday trading on Wednesday, reaching $18.11. 2,122,800 shares of the company traded hands, compared to its average volume of 983,087. Invesco Mortgage Capital Inc has a 52-week low of $14.15 and a 52-week high of $18.23. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2,018.03, a PE ratio of 11.23 and a beta of 0.86.
Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The company had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.85 million. During the same period last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year.
Several research analysts recently issued reports on IVR shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.25 price target on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. BidaskClub raised shares of Invesco Mortgage Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Invesco Mortgage Capital has an average rating of “Buy” and an average price target of $18.13.
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About Invesco Mortgage Capital
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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