Lincoln National Corp bought a new stake in shares of Western Asset Mortgage Capital Corp (NYSE:WMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,000 shares of the financial services provider’s stock, valued at approximately $115,000.

Several other large investors have also bought and sold shares of the company. Guggenheim Capital LLC grew its position in shares of Western Asset Mortgage Capital by 7.0% during the 1st quarter. Guggenheim Capital LLC now owns 90,193 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 5,865 shares during the period. Barclays PLC grew its position in shares of Western Asset Mortgage Capital by 98.7% during the 1st quarter. Barclays PLC now owns 12,880 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 6,398 shares during the period. Northern Trust Corp grew its position in shares of Western Asset Mortgage Capital by 1.7% during the 1st quarter. Northern Trust Corp now owns 487,845 shares of the financial services provider’s stock valued at $4,728,000 after acquiring an additional 8,100 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Western Asset Mortgage Capital during the 2nd quarter valued at about $101,000. Finally, Koch Industries Inc. acquired a new stake in shares of Western Asset Mortgage Capital during the 1st quarter valued at about $111,000. Hedge funds and other institutional investors own 47.96% of the company’s stock.

NYSE:WMC opened at $10.79 on Friday. Western Asset Mortgage Capital Corp has a 52 week low of $8.54 and a 52 week high of $11.11. The company has a debt-to-equity ratio of 9.98, a quick ratio of 832.49 and a current ratio of 832.49. The stock has a market cap of $451.12 million, a PE ratio of 9.43 and a beta of 0.54.

Western Asset Mortgage Capital (NYSE:WMC) last posted its earnings results on Monday, August 6th. The financial services provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. Western Asset Mortgage Capital had a return on equity of 11.92% and a net margin of 37.46%. The firm had revenue of $19.02 million for the quarter, compared to analysts’ expectations of $19.90 million. During the same period last year, the firm earned $0.32 EPS. analysts expect that Western Asset Mortgage Capital Corp will post 1.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 26th. Investors of record on Monday, July 2nd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 11.49%. The ex-dividend date of this dividend was Friday, June 29th. Western Asset Mortgage Capital’s payout ratio is 107.83%.

Separately, ValuEngine cut Western Asset Mortgage Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.

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, and other financial assets.

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

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