Municipal Employees Retirement System of Michigan Increases Holdings in Capstead Mortgage Corporation (CMO)

Municipal Employees Retirement System of Michigan raised its holdings in shares of Capstead Mortgage Corporation (NYSE:CMO) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,700 shares of the real estate investment trust’s stock after acquiring an additional 13,360 shares during the period. Municipal Employees Retirement System of Michigan owned approximately 0.05% of Capstead Mortgage worth $509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMO. HRT Financial LLC purchased a new stake in shares of Capstead Mortgage during the second quarter worth $113,000. Everence Capital Management Inc. purchased a new stake in shares of Capstead Mortgage in the second quarter valued at about $131,000. Martingale Asset Management L P purchased a new stake in shares of Capstead Mortgage in the second quarter valued at about $133,000. Amalgamated Bank lifted its position in Capstead Mortgage by 1.1% in the second quarter. Amalgamated Bank now owns 13,071 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 139 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in Capstead Mortgage by 1.4% in the second quarter. Suntrust Banks Inc. now owns 15,776 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 73.03% of the company’s stock.

A number of research analysts have commented on the stock. ValuEngine raised shares of Capstead Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised shares of Capstead Mortgage from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.00.

Capstead Mortgage Corporation (NYSE CMO) traded down $0.11 during mid-day trading on Wednesday, hitting $9.13. 568,900 shares of the company were exchanged, compared to its average volume of 670,519. The company has a debt-to-equity ratio of 12.29, a current ratio of 15.28 and a quick ratio of 15.28. Capstead Mortgage Corporation has a 12-month low of $8.52 and a 12-month high of $11.41. The stock has a market capitalization of $888.01, a price-to-earnings ratio of 15.15 and a beta of 0.30.

Capstead Mortgage (NYSE:CMO) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.07). Capstead Mortgage had a return on equity of 7.16% and a net margin of 34.00%. The firm had revenue of $57.44 million for the quarter, compared to analysts’ expectations of $24.10 million. During the same quarter in the previous year, the company posted $0.13 earnings per share.

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Capstead Mortgage Profile

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

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Institutional Ownership by Quarter for Capstead Mortgage (NYSE:CMO)

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