Invesco Mortgage Capital Inc (IVR) : Penn Mutual Life Insurance Co scooped up 74,000 additional shares in Invesco Mortgage Capital Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 242,000 shares of Invesco Mortgage Capital Inc which is valued at $3,705,020.Invesco Mortgage Capital Inc makes up approximately 2.54% of Penn Mutual Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. added IVR to its portfolio by purchasing 85,800 company shares during the most recent quarter which is valued at $1,313,598. Invesco Mortgage Capital Inc makes up approx 0.01% of Connor Clark Lunn Investment Management Ltd.’s portfolio. C M Bidwell Associates Ltd added IVR to its portfolio by purchasing 12,050 company shares during the most recent quarter which is valued at $184,486. Invesco Mortgage Capital Inc makes up approx 0.04% of C M Bidwell Associates Ltd’s portfolio. Raymond James Associates added IVR to its portfolio by purchasing 11,032 company shares during the most recent quarter which is valued at $168,900.Alliancebernstein boosted its stake in IVR in the latest quarter, The investment management firm added 21,410 additional shares and now holds a total of 244,243 shares of Invesco Mortgage Capital Inc which is valued at $3,739,360. Condor Capital Management sold out all of its stake in IVR during the most recent quarter. The investment firm sold 10,429 shares of IVR which is valued $161,545.
Invesco Mortgage Capital Inc closed down -0.11 points or -0.70% at $15.63 with 6,26,112 shares getting traded on Thursday. Post opening the session at $15.75, the shares hit an intraday low of $15.5099 and an intraday high of $15.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Invesco Mortgage Capital Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $79.24 million for the quarter, compared to analysts expectations of $72.47 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Invesco Mortgage Capital Inc. Nomura Upgraded Invesco Mortgage Capital Inc on May 18, 2016 to ” Buy”, Price Target of the shares are set at $16.
Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS) RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS) credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT) commercial mortgage-backed securities (CMBS) residential and commercial mortgage loans and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers Inc.