Moors & Cabot Inc. purchased a new stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) in the 1st quarter, HoldingsChannel reports. The fund purchased 17,934 shares of the real estate investment trust’s stock, valued at approximately $180,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Financial Planning LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the 4th quarter worth approximately $27,000. Ellis Investment Partners LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the 1st quarter worth approximately $28,000. CWM LLC grew its stake in shares of ANNALY CAP MGMT/SH by 55.9% during the 4th quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,108 shares during the period. Hanson & Doremus Investment Management acquired a new stake in shares of ANNALY CAP MGMT/SH during the 4th quarter worth approximately $35,000. Finally, Parallel Advisors LLC grew its stake in shares of ANNALY CAP MGMT/SH by 193.0% during the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,355 shares during the period. 52.28% of the stock is owned by institutional investors and hedge funds.
In other ANNALY CAP MGMT/SH news, insider Anthony C. Green bought 50,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $9.56 per share, with a total value of $478,000.00. Following the purchase, the insider now directly owns 151,000 shares in the company, valued at approximately $1,443,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin Keyes bought 300,000 shares of the stock in a transaction on Monday, May 6th. The shares were acquired at an average cost of $9.62 per share, for a total transaction of $2,886,000.00. Following the purchase, the chief executive officer now owns 1,284,779 shares in the company, valued at $12,359,573.98. The disclosure for this purchase can be found here. Insiders purchased a total of 450,000 shares of company stock worth $4,320,000 in the last three months. 0.34% of the stock is owned by corporate insiders.
ANNALY CAP MGMT/SH stock opened at $9.53 on Thursday. ANNALY CAP MGMT/SH has a 1 year low of $9.50 and a 1 year high of $10.78. The firm has a market capitalization of $13.89 billion, a P/E ratio of 7.94 and a beta of 0.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. The firm had revenue of $218.49 million for the quarter, compared to analysts’ expectations of $435.12 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 57.3% compared to the same quarter last year. As a group, analysts forecast that ANNALY CAP MGMT/SH will post 1.06 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 12.59%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
A number of brokerages have recently commented on NLY. ValuEngine raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. TheStreet cut shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Zacks Investment Research cut shares of ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Nomura began coverage on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Barclays reissued a “buy” rating and issued a $11.00 price target on shares of ANNALY CAP MGMT/SH in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. ANNALY CAP MGMT/SH currently has a consensus rating of “Buy” and an average target price of $11.00.
About ANNALY CAP MGMT/SH
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
Read More: How to Invest in a Bull Market
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANNALY CAP MGMT/SH (NYSE:NLY).