Oxbow Advisors LLC held its position in shares of Annaly Capital Management Inc. (NYSE:NLY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,920 shares of the company’s stock at the end of the third quarter. Oxbow Advisors LLC’s holdings in Annaly Capital Management were worth $795,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Guild Investment Management Inc. acquired a new stake in Annaly Capital Management during the second quarter worth about $4,110,000. Aviance Capital Management LLC acquired a new stake in Annaly Capital Management during the second quarter worth about $24,404,000. Candriam Luxembourg S.C.A. raised its stake in Annaly Capital Management by 8.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 132,039 shares of the company’s stock worth $1,462,000 after buying an additional 10,009 shares during the period. Artemis Investment Management LLP acquired a new stake in Annaly Capital Management during the second quarter worth about $55,079,000. Finally, Cullen Frost Bankers Inc. raised its stake in Annaly Capital Management by 13.3% in the second quarter. Cullen Frost Bankers Inc. now owns 150,667 shares of the company’s stock worth $1,668,000 after buying an additional 17,673 shares during the period. 54.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Annaly Capital Management Inc. (NYSE:NLY) traded down 1.46% during mid-day trading on Thursday, reaching $10.12. The company had a trading volume of 7,527,946 shares. The stock has a market capitalization of $10.31 billion, a P/E ratio of 54.41 and a beta of 0.21. Annaly Capital Management Inc. has a 12-month low of $8.63 and a 12-month high of $11.29. The firm’s 50 day moving average is $10.20 and its 200-day moving average is $10.47.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same quarter last year, the company posted $0.21 earnings per share. On average, analysts expect that Annaly Capital Management Inc. will post $1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be given a dividend of $0.30 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date of this dividend is Wednesday, December 28th. Annaly Capital Management’s payout ratio is 1,090.91%.
A number of analysts have issued reports on the company. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a report on Wednesday, January 4th. FBR & Co lowered Annaly Capital Management from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $12.00 to $10.00 in a report on Tuesday, December 20th. Bank of America Corp. lowered Annaly Capital Management from a “neutral” rating to an “underperform” rating in a report on Thursday, December 15th. Finally, Credit Suisse Group AG set a $12.00 target price on Annaly Capital Management and gave the company a “hold” rating in a report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.00.
In other news, insider David L. Finkelstein purchased 100,000 shares of Annaly Capital Management stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $10.30 per share, for a total transaction of $1,030,000.00. Following the transaction, the insider now directly owns 200,000 shares of the company’s stock, valued at $2,060,000. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy P. Coffey purchased 30,000 shares of Annaly Capital Management stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $10.15 per share, with a total value of $304,500.00. Following the completion of the transaction, the insider now directly owns 38,000 shares in the company, valued at $385,700. The disclosure for this purchase can be found here. 0.47% of the stock is owned by insiders.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc. (NYSE:NLY).