Capstead Mortgage Corporation (CMO) Stake Increased by Penn Mutual Life Insurance Co
Penn Mutual Life Insurance Co lifted its stake in shares of Capstead Mortgage Corporation (NYSE:CMO) by 14.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,000 shares of the real estate investment trust’s stock after buying an additional 58,000 shares during the quarter. Capstead Mortgage makes up about 3.1% of Penn Mutual Life Insurance Co’s investment portfolio, making the stock its 11th largest holding. Penn Mutual Life Insurance Co owned approximately 0.49% of Capstead Mortgage worth $4,566,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in Capstead Mortgage by 68.6% in the third quarter. Mackenzie Financial Corp now owns 37,810 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 15,386 shares during the period. OxFORD Asset Management LLP acquired a new position in Capstead Mortgage in the third quarter worth $571,000. Schwab Charles Investment Management Inc. boosted its holdings in Capstead Mortgage by 1.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 647,193 shares of the real estate investment trust’s stock worth $6,246,000 after purchasing an additional 6,881 shares during the period. Wells Fargo & Company MN boosted its holdings in Capstead Mortgage by 27.5% in the third quarter. Wells Fargo & Company MN now owns 786,406 shares of the real estate investment trust’s stock worth $7,590,000 after purchasing an additional 169,550 shares during the period. Finally, Paradice Investment Management LLC boosted its holdings in Capstead Mortgage by 4.1% in the third quarter. Paradice Investment Management LLC now owns 5,691,087 shares of the real estate investment trust’s stock worth $54,919,000 after purchasing an additional 224,476 shares during the period. 73.03% of the stock is owned by institutional investors and hedge funds.
Shares of Capstead Mortgage Corporation (CMO) opened at $9.10 on Thursday. The company has a quick ratio of 15.28, a current ratio of 15.28 and a debt-to-equity ratio of 12.29. The stock has a market capitalization of $877.43, a price-to-earnings ratio of 14.97 and a beta of 0.30. Capstead Mortgage Corporation has a one year low of $8.52 and a one year high of $11.41.
Capstead Mortgage (NYSE:CMO) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $57.44 million during the quarter, compared to the consensus estimate of $24.10 million. Capstead Mortgage had a net margin of 34.00% and a return on equity of 7.16%. During the same quarter in the previous year, the business posted $0.13 earnings per share.
A number of research firms have commented on CMO. ValuEngine raised shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub raised shares of Capstead Mortgage from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Capstead Mortgage presently has a consensus rating of “Hold” and a consensus price target of $11.00.
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Capstead Mortgage Profile
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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