CAPSTEAD MTG CO/SH (NYSE:CMO) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 3,460,800 shares, a drop of 12.8% from the June 15th total of 3,966,900 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 558,400 shares, the short-interest ratio is presently 6.2 days.

Separately, TheStreet upgraded shares of Worthington Industries from a “c+” rating to a “b-” rating in a research report on Thursday.

Shares of CMO stock traded up $0.05 during midday trading on Friday, reaching $8.85. 600,810 shares of the company traded hands, compared to its average volume of 768,846. The business’s 50 day moving average price is $8.49. CAPSTEAD MTG CO/SH has a 1-year low of $6.58 and a 1-year high of $9.25. The company has a current ratio of 15.81, a quick ratio of 7.61 and a debt-to-equity ratio of 14.05. The stock has a market cap of $757.38 million, a price-to-earnings ratio of 26.82 and a beta of 0.69.

CAPSTEAD MTG CO/SH (NYSE:CMO) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating 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 company had revenue of $85.70 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.42%. This is an increase from CAPSTEAD MTG CO/SH’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 27th.

Several hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of CAPSTEAD MTG CO/SH during the 4th quarter valued at approximately $10,313,000. Granite Investment Partners LLC acquired a new stake in shares of CAPSTEAD MTG CO/SH during the 1st quarter valued at approximately $12,947,000. Geode Capital Management LLC lifted its position in shares of CAPSTEAD MTG CO/SH by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 984,100 shares of the real estate investment trust’s stock valued at $6,563,000 after acquiring an additional 49,107 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of CAPSTEAD MTG CO/SH during the 1st quarter valued at approximately $6,538,000. Finally, Bank of America Corp DE lifted its position in shares of CAPSTEAD MTG CO/SH by 57.3% during the 4th quarter. Bank of America Corp DE now owns 607,524 shares of the real estate investment trust’s stock valued at $4,052,000 after acquiring an additional 221,379 shares during the period. Institutional investors own 79.92% of the company’s stock.

About CAPSTEAD MTG CO/SH

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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