Meridian Investment Counsel Lowers stake in Annaly Capital Management (NLY)

Annaly Capital Management (NLY) : Meridian Investment Counsel reduced its stake in Annaly Capital Management by 3.18% during the most recent quarter end. The investment management company now holds a total of 182,340 shares of Annaly Capital Management which is valued at $2,020,327 after selling 5,985 shares in Annaly Capital Management , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Annaly Capital Management makes up approximately 1.33% of Meridian Investment Counsel’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in NLY in the latest quarter, The investment management firm added 40,899 additional shares and now holds a total of 1,103,202 shares of Annaly Capital Management which is valued at $12,223,478. Annaly Capital Management makes up approx 0.01% of Blackrock Investment Management’s portfolio.Gsa Capital Partners Llp reduced its stake in NLY by selling 3,162 shares or 11.74% in the most recent quarter. The Hedge Fund company now holds 23,764 shares of NLY which is valued at $264,018. Annaly Capital Management makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.Cibc World Markets boosted its stake in NLY in the latest quarter, The investment management firm added 2,295 additional shares and now holds a total of 118,928 shares of Annaly Capital Management which is valued at $1,296,315. Annaly Capital Management makes up approx 0.01% of Cibc World Markets’s portfolio.

Annaly Capital Management opened for trading at $10.83 and hit $10.94 on the upside on Friday, eventually ending the session at $10.94, with a gain of 1.02% or 0.11 points. The heightened volatility saw the trading volume jump to 63,53,119 shares. Company has a market cap of $10,891 M.

On the company’s financial health, Annaly Capital Management reported $0.29 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.29.Analysts expectations of $ 279.54.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Annaly Capital Management. Compass Point Downgraded Annaly Capital Management on Jun 15, 2016 to ” Sell”, Price Target of the shares are set at $10.50.

Annaly Capital Management Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments including mortgage pass-through certificates collateralized mortgage obligations (CMOs) Agency callable debentures other securities representing interests in or obligations backed by pools of mortgage loans commercial real estate assets and corporate debt. The Company’s business operations consist of Annaly (the parent company) Annaly Commercial Real Estate Group Inc. (ACREG) RCap Securities Inc. Fixed Income Discount Advisory Company (FIDAC) Annaly Middle Market Lending LLC and Shannon Funding LLC.

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