Camelot Portfolios LLC maintained its stake in Dynex Capital Inc. (NYSE:DX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,550 shares of the company’s stock at the end of the third quarter. Camelot Portfolios LLC owned about 0.14% of Dynex Capital worth $494,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of DX. BlackRock Fund Advisors raised its stake in Dynex Capital by 16.3% in the second quarter. BlackRock Fund Advisors now owns 2,335,651 shares of the company’s stock worth $16,209,000 after buying an additional 327,887 shares during the period. Vanguard Group Inc. boosted its position in Dynex Capital by 1.2% in the second quarter. Vanguard Group Inc. now owns 1,852,933 shares of the company’s stock worth $12,860,000 after buying an additional 22,814 shares in the last quarter. LSV Asset Management boosted its position in Dynex Capital by 0.9% in the second quarter. LSV Asset Management now owns 1,417,998 shares of the company’s stock worth $9,840,000 after buying an additional 13,300 shares in the last quarter. Prudential Financial Inc. boosted its position in Dynex Capital by 2.6% in the second quarter. Prudential Financial Inc. now owns 543,856 shares of the company’s stock worth $3,774,000 after buying an additional 13,600 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Dynex Capital by 18.0% in the second quarter. Parametric Portfolio Associates LLC now owns 444,832 shares of the company’s stock worth $3,087,000 after buying an additional 67,958 shares in the last quarter. Institutional investors own 44.54% of the company’s stock.
Dynex Capital Inc. (NYSE:DX) opened at 6.92 on Friday. The firm’s market capitalization is $340.12 million. Dynex Capital Inc. has a 1-year low of $5.22 and a 1-year high of $7.61. The firm’s 50-day moving average price is $6.82 and its 200-day moving average price is $6.97.
Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Dynex Capital had a net margin of 6.95% and a return on equity of 13.20%. The company had revenue of $15.07 million for the quarter, compared to analyst estimates of $16.01 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. Dynex Capital’s revenue was down 25.5% on a year-over-year basis. On average, equities research analysts predict that Dynex Capital Inc. will post $1.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Wednesday, October 5th were given a dividend of $0.21 per share. The ex-dividend date was Monday, October 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.14%. Dynex Capital’s payout ratio is -1,399.77%.
Separately, Credit Suisse Group AG reiterated a “hold” rating and issued a $7.25 price objective on shares of Dynex Capital in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Dynex Capital presently has a consensus rating of “Hold” and a consensus price target of $7.20.
In other news, Director Thomas B. Akin sold 39,541 shares of Dynex Capital stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $7.45, for a total transaction of $294,580.45. Following the completion of the sale, the director now directly owns 1,173,150 shares in the company, valued at approximately $8,739,967.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.70% of the company’s stock.
About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.