Todays Report: Today, Capstead Mortgage Corp. (CMO) Position Maintained by Confluence Investment Management LLC

Today, Capstead Mortgage Corp. (CMO) Position Maintained by Confluence Investment Management LLC

Confluence Investment Management LLC continued to hold its stake in shares of Capstead Mortgage Corp. (NYSE:CMO) during the third quarter, according to its most recent filing with the SEC. The firm owned 110,509 shares of the real estate investment trust’s stock at the end of the third quarter. Confluence Investment Management LLC owned 0.12% of Capstead Mortgage Corp. worth $1,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. PineBridge Investments L.P. boosted its stake in shares of Capstead Mortgage Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 12,169 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 447 shares during the period. WealthTrust Axiom LLC boosted its stake in shares of Capstead Mortgage Corp. by 3.0% in the second quarter. WealthTrust Axiom LLC now owns 20,900 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 609 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Capstead Mortgage Corp. by 1.5% in the second quarter. BlackRock Advisors LLC now owns 44,071 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 646 shares during the period. Pacad Investment Ltd. boosted its stake in shares of Capstead Mortgage Corp. by 6.7% in the second quarter. Pacad Investment Ltd. now owns 11,100 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 700 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Capstead Mortgage Corp. by 1.4% in the second quarter. Arizona State Retirement System now owns 49,863 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 700 shares during the period. 65.99% of the stock is currently owned by institutional investors and hedge funds.

Capstead Mortgage Corp. (NYSE:CMO) traded up 0.58% during mid-day trading on Friday, reaching $10.36. 246,620 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $9.51 and its 200-day moving average price is $9.77. Capstead Mortgage Corp. has a 52 week low of $7.48 and a 52 week high of $10.46. The company has a market capitalization of $994.44 million, a P/E ratio of 12.79 and a beta of 0.33.

Capstead Mortgage Corp. (NYSE:CMO) last posted its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by $0.05. Capstead Mortgage Corp. had a net margin of 42.49% and a return on equity of 8.89%. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Capstead Mortgage Corp. will post $0.80 earnings per share for the current fiscal year.

Several analysts recently weighed in on CMO shares. Zacks Investment Research cut shares of Capstead Mortgage Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Keefe, Bruyette & Woods set a $9.50 target price on shares of Capstead Mortgage Corp. and gave the company a “market perform” rating in a report on Monday, August 1st. Finally, TheStreet raised shares of Capstead Mortgage Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Capstead Mortgage Corp. currently has a consensus rating of “Hold” and a consensus price target of $10.75.

In other news, Director Michael G. Oneil sold 8,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $9.52, for a total transaction of $76,160.00. Following the completion of the sale, the director now owns 59,087 shares in the company, valued at approximately $562,508.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Capstead Mortgage Corp. Company Profile

Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises (GSEs), either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the GSEs), or by an agency of the federal Government, the Government National Mortgage Association (Ginnie Mae).

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