IndexIQ Advisors LLC increased its position in Dynex Capital Inc. (NYSE:DX) by 27.3% during the third quarter, Holdings Channel reports. The institutional investor owned 46,327 shares of the company’s stock after buying an additional 9,936 shares during the period. IndexIQ Advisors LLC owned 0.09% of Dynex Capital worth $344,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in DX. Advisor Group Inc. bought a new stake in shares of Dynex Capital during the second quarter worth about $103,000. Stifel Financial Corp acquired a new position in Dynex Capital during the second quarter worth $108,000. Acadian Asset Management LLC acquired a new position in Dynex Capital during the third quarter worth $109,000. KBC Group NV acquired a new position in Dynex Capital during the third quarter worth $114,000. Finally, Sterneck Capital Management LLC raised its position in Dynex Capital by 0.3% in the second quarter. Sterneck Capital Management LLC now owns 17,418 shares of the company’s stock worth $121,000 after buying an additional 44 shares during the last quarter. Institutional investors own 44.21% of the company’s stock.
Shares of Dynex Capital Inc. (NYSE:DX) traded down 0.29% on Monday, reaching $6.96. The company’s stock had a trading volume of 78,688 shares. Dynex Capital Inc. has a 52-week low of $5.22 and a 52-week high of $7.61. The stock’s market cap is $342.08 million. The firm’s 50 day moving average is $6.83 and its 200-day moving average is $6.97.
Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.20 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 firm earned $15.07 million during the quarter, compared to analyst estimates of $16.01 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was down 25.5% on a year-over-year basis. On average, equities research analysts forecast that Dynex Capital Inc. will post $1.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Wednesday, October 5th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 12.03%. Dynex Capital’s dividend payout ratio (DPR) is presently -1,399.77%.
Separately, Credit Suisse Group AG reissued a “hold” rating and set a $7.25 target price 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 issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.20.
In other Dynex Capital news, Director Thomas B. Akin sold 39,541 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $7.45, for a total value of $294,580.45. Following the completion of the sale, the director now owns 1,173,150 shares of the company’s stock, valued at $8,739,967.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is owned by company insiders.
Dynex Capital Company Profile
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.