Annaly Capital Management (NLY) : Penn Mutual Life Insurance Co scooped up 200,000 additional shares in Annaly Capital Management 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 1,890,433 shares of Annaly Capital Management which is valued at $20,945,998.Annaly Capital Management makes up approximately 14.34% of Penn Mutual Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Colony Group sold out all of its stake in NLY during the most recent quarter. The investment firm sold 830 shares of NLY which is valued $9,196. Harvest Management added NLY to its portfolio by purchasing 25,275 company shares during the most recent quarter which is valued at $280,047. Annaly Capital Management makes up approx 0.28% of Harvest Management’s portfolio.Essex Financial Services reduced its stake in NLY by selling 1,246 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 75,213 shares of NLY which is valued at $825,839. Annaly Capital Management makes up approx 0.19% of Essex Financial Services’s portfolio.Shinko Asset Management Ltd. reduced its stake in NLY by selling 8,600 shares or 27.93% in the most recent quarter. The Hedge Fund company now holds 22,187 shares of NLY which is valued at $241,838. Winslow Evans Crocker sold out all of its stake in NLY during the most recent quarter. The investment firm sold 5,179 shares of NLY which is valued $56,451.
Annaly Capital Management (NLY) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $10.71 and reached the intraday high at $10.74. The bulls started the profit booking and pushed the shares to intraday low of $10.63. The trading session was marked by a volume range of 67,60,343 shares exchanging hands. The 52-week high of the shares is $11.29 and the 52-week low is $8.25. The market cap of the company stands at $10,662 M and there are 99,55,32,780 shares in public circulation.
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 Companys 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.