Bank of New York Mellon Corp boosted its stake in shares of Western Asset Mortgage Capital Corp (NYSE:WMC) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,480 shares of the financial services provider’s stock after purchasing an additional 31,579 shares during the quarter. Bank of New York Mellon Corp’s holdings in Western Asset Mortgage Capital were worth $1,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Legal & General Group Plc increased its holdings in shares of Western Asset Mortgage Capital by 21.5% in the 3rd quarter. Legal & General Group Plc now owns 6,845 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,212 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Western Asset Mortgage Capital in the 4th quarter valued at about $92,000. Tower Research Capital LLC TRC increased its holdings in shares of Western Asset Mortgage Capital by 183.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,145 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 6,565 shares during the last quarter. Strs Ohio increased its holdings in shares of Western Asset Mortgage Capital by 15.6% in the 4th quarter. Strs Ohio now owns 12,600 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Western Asset Mortgage Capital in the 3rd quarter valued at about $110,000. Institutional investors own 46.93% of the company’s stock.

In related news, insider Dennis Joseph Mcnamara acquired 3,446 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $10.34 per share, with a total value of $35,631.64. Following the transaction, the insider now owns 5,204 shares of the company’s stock, valued at $53,809.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by company insiders.

Western Asset Mortgage Capital stock opened at $10.51 on Wednesday. Western Asset Mortgage Capital Corp has a twelve month low of $8.26 and a twelve month high of $11.38. The company has a quick ratio of 683.24, a current ratio of 683.24 and a debt-to-equity ratio of 7.71. The company has a market cap of $498.76 million, a price-to-earnings ratio of 7.73 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 1st will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.24 dividend on an annualized basis and a yield of 11.80%. Western Asset Mortgage Capital’s payout ratio is 91.18%.

WMC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Western Asset Mortgage Capital from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, March 21st. Keefe, Bruyette & Woods initiated coverage on Western Asset Mortgage Capital in a report on Sunday, March 17th. They issued a “market perform” rating and a $10.50 price objective on the stock.

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Western Asset Mortgage Capital Company Profile

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets.

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Institutional Ownership by Quarter for Western Asset Mortgage Capital (NYSE:WMC)

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