Western Asset Mortgage Capital Corporation trades as part of the real estate sector and is part of the REITs industry. The company CEO is Jennifer W. Murphy. Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio. The Corporation is externally managed by Western Asset Management Company and emphasizes on undervalued assets.



Previous Intraday Performance:

The WMC shares had a previous change of 1.15% which opened at 10.08 and closed at 10.01. It moved to an intraday high of 10.13 and a low of 10.07.

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Historical Performance:

Over the last five trading days, WMC shares returned 0.91% and in the past 30 trading days it returned -3.38%. Over three months, it changed 3.45%. In one year it has changed 8.95% and within that year its 52 week high was 11.38 and its 52 week low was 8.26. WMC stock is 21.19% above its 52 week low.

Our calculations result in a 200 day moving average of 9.67 and a 50 day moving average of 10.31. Right now, WMC stock is trading 3.54% above its 200 day moving average and may be a good opportunity to buy.

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Liquidity:

The company has a market cap of $488.3m with 48.2m shares outstanding and a float of 47.7m shares. Trading volume was 267,520 shares and has experienced an average volume of 378,371 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Western Asset Mortgage Capital Corporation was 0.61 which ended on 31st of December 2018, which according to the previous close, that is a PE of 16.60. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.32. The trailing twelve month EPS reported is 1.37 (trailing twelve month diluted EPS is 0.74), which comes to a trailing twelve month PE of 7.39.

1stQtr 2019 0.584thQtr 2018 -0.373rdQtr 2018 0.502ndQtr 2018 0.031stQtr 2018 0.52

The dividend per share is currently 1.24, which is a dividend yield of 12.39%.

Base on our calculations, the intrinsic value per share is 4.70, which means it might be overvalued by -112.96%.

The long-term trend of the EPS is an important number as it indicates the present value of Western Asset Mortgage Capital Corporation.



Indicators Also to Watch:

Based on the latest filings, there is 1.20% of insider ownership and 69.30% of institutional ownership. Short-interest was 1,573,295, which was 3.26% of shares outstanding. The short-interest ratio or days-to-cover ratio was 4.45. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 0.76.

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 6.58%, return on assets is 0.65% and price-to-book is 0.93.

Company Score Card:

Results are out of six:
 4  : Growth Expectations Result
 1  : Financial Safety Result
 0  : Past Performance Result
 3  : Valuation Result
 2  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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