Nationwide Fund Advisors maintained its stake in Western Asset Mortgage Capital Corporation (NYSE:WMC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,466 shares of the financial services provider’s stock at the end of the 2nd quarter. Nationwide Fund Advisors owned approximately 0.06% of Western Asset Mortgage Capital Corporation worth $252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMC. Prudential Financial Inc. lifted its holdings in Western Asset Mortgage Capital Corporation by 127.7% during the 2nd quarter. Prudential Financial Inc. now owns 566,775 shares of the financial services provider’s stock valued at $5,838,000 after buying an additional 317,900 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Western Asset Mortgage Capital Corporation by 12.4% during the 1st quarter. Vanguard Group Inc. now owns 1,785,779 shares of the financial services provider’s stock valued at $17,447,000 after buying an additional 197,181 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Western Asset Mortgage Capital Corporation by 14.2% during the 1st quarter. Renaissance Technologies LLC now owns 581,910 shares of the financial services provider’s stock valued at $5,685,000 after buying an additional 72,210 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Western Asset Mortgage Capital Corporation by 15.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 354,508 shares of the financial services provider’s stock valued at $3,652,000 after buying an additional 46,923 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Western Asset Mortgage Capital Corporation by 18.8% during the 1st quarter. California Public Employees Retirement System now owns 191,700 shares of the financial services provider’s stock valued at $1,873,000 after buying an additional 30,300 shares in the last quarter. Institutional investors own 40.73% of the company’s stock.

Shares of Western Asset Mortgage Capital Corporation (NYSE:WMC) opened at $9.64 on Monday. Western Asset Mortgage Capital Corporation has a twelve month low of $9.43 and a twelve month high of $11.18. The company has a debt-to-equity ratio of 7.34, a current ratio of 128.12 and a quick ratio of 128.12. The company has a market cap of $404.11, a PE ratio of 53.56 and a beta of 0.68.

Western Asset Mortgage Capital Corporation (NYSE:WMC) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Western Asset Mortgage Capital Corporation had a return on equity of 1.81% and a net margin of 18.57%. The firm had revenue of $18.57 million during the quarter, compared to analysts’ expectations of $17.10 million. During the same period in the previous year, the firm earned $0.35 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. sell-side analysts expect that Western Asset Mortgage Capital Corporation will post 1.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Monday, October 2nd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.86%. The ex-dividend date of this dividend was Friday, September 29th. Western Asset Mortgage Capital Corporation’s payout ratio is currently 210.17%.

WMC has been the subject of a number of research analyst reports. BidaskClub lowered shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. JMP Securities initiated coverage on shares of Western Asset Mortgage Capital Corporation in a report on Tuesday, July 25th. They set a “market perform” rating for the company. Finally, Zacks Investment Research upgraded shares of Western Asset Mortgage Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Western Asset Mortgage Capital Corporation currently has a consensus rating of “Hold” and a consensus target price of $11.00.

COPYRIGHT VIOLATION NOTICE: “Western Asset Mortgage Capital Corporation (WMC) Position Maintained by Nationwide Fund Advisors” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/western-asset-mortgage-capital-corporation-wmc-position-maintained-by-nationwide-fund-advisors/1699402.html.

Western Asset Mortgage Capital Corporation Company Profile

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

Want to see what other hedge funds are holding WMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Mortgage Capital Corporation (NYSE:WMC).

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

Receive News & Ratings for Western Asset Mortgage Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Mortgage Capital Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.