Barclays PLC lowered its stake in shares of Western Asset Mortgage Capital Corp (NYSE:WMC) by 53.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,348 shares of the financial services provider’s stock after selling 13,986 shares during the quarter. Barclays PLC’s holdings in Western Asset Mortgage Capital were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WMC. First Trust Advisors LP bought a new stake in Western Asset Mortgage Capital during the third quarter worth approximately $633,000. Russell Investments Group Ltd. bought a new stake in shares of Western Asset Mortgage Capital in the third quarter valued at approximately $208,000. SG Americas Securities LLC boosted its position in shares of Western Asset Mortgage Capital by 64.9% in the third quarter. SG Americas Securities LLC now owns 15,944 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 6,276 shares during the period. Alliancebernstein L.P. boosted its position in shares of Western Asset Mortgage Capital by 20.9% in the third quarter. Alliancebernstein L.P. now owns 34,700 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 6,000 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of Western Asset Mortgage Capital by 1,372.0% in the third quarter. Martingale Asset Management L P now owns 161,918 shares of the financial services provider’s stock valued at $1,623,000 after acquiring an additional 150,918 shares during the period. 46.93% of the stock is owned by hedge funds and other institutional investors.

WMC opened at $10.35 on Thursday. Western Asset Mortgage Capital Corp has a 1-year low of $8.26 and a 1-year high of $11.38. The company has a debt-to-equity ratio of 7.71, a current ratio of 683.24 and a quick ratio of 683.24. The company has a market capitalization of $498.52 million, a PE ratio of 7.61 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 1st will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.24 annualized dividend and a dividend yield of 11.98%. Western Asset Mortgage Capital’s dividend payout ratio is 91.18%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Western Asset Mortgage Capital from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, March 21st. Keefe, Bruyette & Woods assumed coverage on Western Asset Mortgage Capital in a research report on Sunday, March 17th. They issued a “market perform” rating and a $10.50 price objective for the company.

In other Western Asset Mortgage Capital news, insider Dennis Joseph Mcnamara acquired 3,446 shares of Western Asset Mortgage Capital stock in a transaction dated 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 completion of 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 through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

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Western Asset Mortgage Capital 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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