Western Asset Mortgage Capital (NYSE:WMC – Get the Badge)The stock had its “buy” rating restated by equities research analysts at Jonestrading in a note issued to investors on on friday, In gasoline report. They currently have a $17.50 price target on the financial services provider’s stock. Jonestrading’s price will show an upside of 69.90% from the current price.
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Apart from, StockNews.com raised shares of Western Asset Mortgage Capital from a “buy” rating to a “hold” rating in a report on Friday, November 18th.
Western Asset Mortgage Capital Stock Performance
WMC traded up $0.15 on Friday, reaching $10.30. The stock had a trading volume of 177 shares, compared to its average volume of 29,669. Western Asset Mortgage Capital has a 12-month low of $7.00 and a 12-month high of $22.10. The company has a current ratio of 628.35, a quick ratio of 628.35 and a debt-to-equity ratio of 25.40. The company’s 50-day price is $9.11 and its two-hundred-day price is $11.21. The company has a market cap of $62.19 million, a P/E ratio of -0.62 and a beta of 1.53.
Western Asset Mortgage Trading Corporation
Many business organizations have recently revamped their marketing efforts. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset Mortgage Capital in the third quarter worth about $98,000. Renaissance Technologies LLC lifted its position in Western Asset Mortgage Capital by 127.2% in the second quarter. Renaissance Technologies LLC now owns 221,200 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 123,860 shares during the last quarter. . Beach Point Capital Management LP lifted its position in Western Asset Mortgage Capital by 137.3% in the second quarter. Beach Point Capital Management LP now owns 4,169,620 shares of the financial services provider’s stock worth $5,045,000 after an additional 2,412,837 shares during the last quarter eat Jane Street Group LLC acquired a new position in Western Asset Mortgage Capital in the first quarter worth about $97,000. Finally, Goldman Sachs Group Inc. raised its position in Western Asset Mortgage Capital by 103.7% in the first quarter. The Goldman Sachs Group Inc. now owns 55,351 shares of the financial services provider’s stock worth $94,000 after adding an additional 28,178 shares in the last quarter. Private investors and hedge funds own 20.53% of the company’s stock.
Western Asset Mortgage Capital Company Profile
Western Asset Mortgage Capital Corp. operates as a real estate investment trust. The company is engaged in the management of a diversified portfolio of assets. It focuses on investing in, financing and managing securities related to real estate, mortgages and other financial assets. The company was founded on June 3, 2009 and is headquartered in Salt Lake City, UT.
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