WMC stock: buy or sell?
December 6th, 2019
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It primarily focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, and other financial assets.
Should I buy WMC stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups match with Western Asset Mortgage Capital stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Western Asset Mortgage Capital stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we found 1 rating published for WMC stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-23||Bank of America||n/a||Buy|
WMC stock analysis
Western Asset Mortgage Capital stepped up 0.58% today to $10.46 after marking all time highs today.
Western Asset Mortgage Capital stepped up 0.58% today to $10.46 after topping to all time highs today. Since September when WMC stock price broke up the SMA200d line, it gained $1.27 (13.82%). WMC shows a sign of strength in the short-term after finally breaking out above $10.36 on Nov/8 and marking a new rising bottom. Since SMA50d and SMA100d crossed up on October, WMC price climbed $0.51 per share (5.13%).
Western Asset Mortgage Capital shares peaked new all time highs back again this week, setting highs to $10.46. Shares ended at $10.46 and inched 1.75% during the week.
If you observe the weekly chart, price finally broke over the resistance at $9.88 and continued climbing. Since price and SMA40w lines crossed up early September, WMC climbed $1.35 (14.82%). Since late April when SMA20w and SMA40w crossed up, WMC price gained $0.57 per share (5.76%).
WMC stock price history
WMC IPO was on May 11th, 2012 at $6.18 per share1. Since then, WMC stock surged a 69.30%, with an average of 9.90% per year. If you had invested $1,000 in WMC stock in 2012, it would worth $693.00 today.
1: Adjusted price after possible price splits or reverse-splits.
WMC stock historical price chart
WMC stock reached all-time highs today with a price of $10.46.
WMC stock price target is $10.50How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we only found 1 price target for Western Asset Mortgage Capital stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-23||Bank of America||Reiterates||$10.75||$10.50||-2.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareWestern Asset Mortgage Capital reported fine results for 2018-Q4 on March. Western Asset Mortgage Capital inched Earnings per Share (EPS) by 6.30%, beating analysts of $0.32. Western Asset Mortgage Capital posted $0.34.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2014, Western Asset Mortgage Capital annual revenues climbed an amazing 38.52% to $126.85 M USD from $91.57 marked in 2013. In line, its profit margin (compared to sales) skyrocketed to 79.40%, that is $100.71 million.
|2013||$92 M||-||$-28.82 M-31.5%||-|
|2014||$127 M||38.52%||$101 M79.4%||-449.46%|
Quarterly financial resultsReported quarter earnings marked $-17.66 M with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was inf%. When comparing turnover to same quarter last year, Western Asset Mortgage Capital sales marked a chilling decrease and plunged a -100.00%. Looking back to recent quarterly results, Western Asset Mortgage Capital posted 5 positive quarters in a row.
|2017-Q1||$44.54 M||-||$20 M45.2%||-|
|2017-Q2||$-150.77 M||-438.50%||$21 M-13.7%||2.38%|
|2017-Q3||$18.57 M||-112.31%||$23 M122.6%||10.41%|
|2017-Q4||$18.01 M||-2.98%||$21 M118.8%||-5.99%|
Western Asset Mortgage Capital ownershipWhen you are planning to invest in shares of a stock, it's always worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Western Asset Mortgage Capital, 0.62% of all outstanding shares are owned by its staff.
In case of Western Asset Mortgage Capital stock, 51.49% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for WMC stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Western Asset Mortgage Capital:
|Market cap||$556.7 M||$352.9 M||$2.3 B||$358.8 M||$4.0 B|
|Total shares||53.2 M||98.9 M||142.8 M||63.1 M||272.9 M|
|Float shares||49.8 M||90.4 M||142.4 M||62.9 M||270.4 M|
|- Institutional holdings (%)||51.5%||54.1%||60.0%||35.4%||58.2%|
|- Insider holdings (%)||0.6%||1.9%||0.3%||0.4%||0.9%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$10.39 - $10.46|
|Average true range||$0.09|
|50d mov avg||$10.01|
|100d mov avg||$9.78|
|200d mov avg||$9.65|
Western Asset Mortgage Capital performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We selected Anworth Mortgage Asset, INVESCO MORTGAGE CAPITAL, Orchid Island Capital and Two Harbors Investments as the bechmarking frame for Western Asset Mortgage Capital stock.
|WMCWestern Asset Mor...||12.84%||15.45%||18.19%|
|ANHAnworth Mortgage ...||16.29%||-2.99%||-10.75%|
|IVRINVESCO MORTGAGE ...||12.36%||9.07%||17.78%|
|ORCOrchid Island Cap...||12.23%||-1.22%||0.18%|
|TWOTwo Harbors Inves...||15.86%||26.23%||16.05%|