State Board of Administration of Florida Retirement System decreased its position in CAPSTEAD MTG CO/SH (NYSE:CMO) by 8.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 71,369 shares of the real estate investment trust’s stock after selling 6,599 shares during the period. State Board of Administration of Florida Retirement System’s holdings in CAPSTEAD MTG CO/SH were worth $596,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of CAPSTEAD MTG CO/SH by 83.0% during the second quarter. Nisa Investment Advisors LLC now owns 7,291 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 3,306 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in CAPSTEAD MTG CO/SH in the 1st quarter worth about $67,000. Sawtooth Solutions LLC bought a new stake in CAPSTEAD MTG CO/SH in the 1st quarter worth about $154,000. Clear Harbor Asset Management LLC bought a new stake in CAPSTEAD MTG CO/SH in the 2nd quarter worth about $167,000. Finally, Envestnet Asset Management Inc. grew its position in CAPSTEAD MTG CO/SH by 16.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,386 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
CMO stock traded up $0.07 during trading on Thursday, reaching $7.14. The stock had a trading volume of 6,196 shares, compared to its average volume of 714,038. CAPSTEAD MTG CO/SH has a one year low of $6.58 and a one year high of $9.25. The company has a quick ratio of 15.81, a current ratio of 15.81 and a debt-to-equity ratio of 14.05. The company’s 50 day moving average is $8.17 and its two-hundred day moving average is $8.34. The company has a market capitalization of $606.95 million, a price-to-earnings ratio of 21.49 and a beta of 0.72.
CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. CAPSTEAD MTG CO/SH had a negative net margin of 17.19% and a positive return on equity of 5.87%. The business had revenue of $85.70 million during the quarter.
Separately, TheStreet downgraded shares of CAPSTEAD MTG CO/SH from a “c-” rating to a “d” rating in a research report on Thursday, July 25th.
CAPSTEAD MTG CO/SH Profile
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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