Taylor Frigon Capital Management LLC Reduces Stake in CAPSTEAD MTG CO/SH (NYSE:CMO)
Taylor Frigon Capital Management LLC lowered its position in CAPSTEAD MTG CO/SH (NYSE:CMO) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 153,961 shares of the real estate investment trust’s stock after selling 2,804 shares during the period. Taylor Frigon Capital Management LLC’s holdings in CAPSTEAD MTG CO/SH were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in CMO. Marshall Wace North America L.P. purchased a new stake in CAPSTEAD MTG CO/SH in the 1st quarter worth approximately $67,000. Bank of Montreal Can boosted its position in CAPSTEAD MTG CO/SH by 769.6% in the 2nd quarter. Bank of Montreal Can now owns 8,044 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 7,119 shares in the last quarter. Northern Trust Corp boosted its position in CAPSTEAD MTG CO/SH by 53.4% in the 2nd quarter. Northern Trust Corp now owns 2,035,202 shares of the real estate investment trust’s stock worth $16,994,000 after purchasing an additional 708,412 shares in the last quarter. A.R.T. Advisors LLC boosted its position in CAPSTEAD MTG CO/SH by 59.1% in the 2nd quarter. A.R.T. Advisors LLC now owns 21,810 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 8,100 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in CAPSTEAD MTG CO/SH by 52.2% in the 2nd quarter. Bank of America Corp DE now owns 2,136,237 shares of the real estate investment trust’s stock worth $17,837,000 after purchasing an additional 732,558 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.
CAPSTEAD MTG CO/SH stock traded down $0.09 during mid-day trading on Friday, hitting $8.04. The company had a trading volume of 14,274 shares, compared to its average volume of 353,360. The company has a current ratio of 12.19, a quick ratio of 12.19 and a debt-to-equity ratio of 12.66. CAPSTEAD MTG CO/SH has a 12-month low of $7.00 and a 12-month high of $9.25. The company’s fifty day moving average is $8.02 and its 200-day moving average is $7.89. The company has a market capitalization of $772.93 million, a price-to-earnings ratio of -8.74 and a beta of 0.71.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.46%. The ex-dividend date was Monday, December 30th. This is a positive change from CAPSTEAD MTG CO/SH’s previous quarterly dividend of $0.12.
Separately, ValuEngine upgraded CAPSTEAD MTG CO/SH from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
CAPSTEAD MTG CO/SH Profile
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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