Western Asset Mortgage Capital Corporation (WMC): Trading Report of Friday, June 19

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Western Asset Mortgage Capital Corporation (NYSE:WMC) changes shares on Friday trading session, with a change of -4.51% or -$0.13 shares. The trading starts at $2.95 and closed at $2.88 throughout the day. The trading session low price was $2.6111 and day high was $2.97 on Friday, June 19. After the session, the Real Estate sector daily volume shifted to 4.91 million while its average volume is 2.60M. In other hand, the WMC market cap reached to $153.89M. While, its current target price is $2.75 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.82% and up 23.87% for month. Its quarterly performance was -25.68% below, while its half year performance is down -73.81%. WMC yearly performance stood at negative -72.33% and fall -73.38% for year-to-date. Current recommendation for Western Asset Mortgage Capital Corporation is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. WMC EPS (TTM) for 12-month is -6.34. EPS for this year is 126.70%, while for the next year its value is 0.41. It has an EPS of -12.50% down for past five years and for the next five years will be up 5.00%.

Let’s take a look on the analyst recommendations on WMC for the current month and previous month. For the current month, 0 of 2 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $2.50-$3.00. Average target price for WMC was reached at $2.75.

Blackrock Inc., Renaissance Technologies, LLC and Vanguard Group, Inc. (The) are the top three holders in Western Asset Mortgage Capital Corporation (WMC) stock. On Mar 30, 2020, Blackrock Inc. has 5.19 million shares which valued 11.9 million. On Mar 30, 2020, Renaissance Technologies, LLC owned 3.11 million shares which valued at 7.11 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 3.04 million shares which valued at 6.97 million. In the end, Vanguard Group, Inc. (The) have 5.70% shares outstanding of Western Asset Mortgage Capital Corporation (WMC) on Mar 30, 2020. The insider ownership moved to 0.50% and institutional holding shifted to 47.20%.

The company posted an EPS (TTM) of -6.34. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.07, while 0.31 EPS posted a year ago period. Comparing with last year, the average estimated EPS was 0.31 which is higher than 0.29 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for WMC fall -64.25% for period of 200 days. SMA for 50 days was 5.70% which is showing green signal, while SMA-20 was 4.40%. The moving average value for Western Asset Mortgage Capital Corporation (WMC) is 6.6018 and 2.5012 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in WMC stock. On Mar 18, Johnson Sean O., Deputy CIO, bought 2,000 trading shares at the cost of $3.35, which valued at 6690.0. On Mar 18, Murphy Jennifer, Director, President and CEO, bought 30,000 shares at the cost of $3.17, with total shares of 145,000. On Mar 17, Murphy Jennifer, Director, President and CEO, bought 20,000 shares at the cost of 5.05. After this transaction, Murphy Jennifer total shares reached to 115,000 which valued at 0.1 million.