Pointe Capital Management Lowers stake in Invesco Mortgage Capital Inc (IVR)

Invesco Mortgage Capital Inc (IVR) : Pointe Capital Management reduced its stake in Invesco Mortgage Capital Inc by 2.98% during the most recent quarter end. The investment management company now holds a total of 89,228 shares of Invesco Mortgage Capital Inc which is valued at $1,280,422 after selling 2,740 shares in Invesco Mortgage Capital Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Invesco Mortgage Capital Inc makes up approximately 0.92% of Pointe Capital Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in IVR in the latest quarter, The investment management firm added 253 additional shares and now holds a total of 5,049 shares of Invesco Mortgage Capital Inc which is valued at $72,453.Sigma Planning Corp reduced its stake in IVR by selling 3,215 shares or 12.37% in the most recent quarter. The Hedge Fund company now holds 22,771 shares of IVR which is valued at $326,764. Invesco Mortgage Capital Inc makes up approx 0.04% of Sigma Planning Corp’s portfolio. Acadian Asset Management added IVR to its portfolio by purchasing 8,306 company shares during the most recent quarter which is valued at $118,859.Curbstone Financial Management Corp reduced its stake in IVR by selling 2,350 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 42,000 shares of IVR which is valued at $572,460. Invesco Mortgage Capital Inc makes up approx 0.19% of Curbstone Financial Management Corp’s portfolio.

Invesco Mortgage Capital Inc (IVR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.38 and reached the intraday high at $14.46. The bulls started the profit booking and pushed the shares to intraday low of $14.285. The trading session was marked by a volume range of 5,31,259 shares exchanging hands. The 52-week high of the shares is $14.73 and the 52-week low is $9.74. The market cap of the company stands at $1,607 M and there are 11,15,77,275 shares in public circulation.

On the company’s financial health, Invesco Mortgage Capital Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.40.Analysts expectations of $ 87.81.During the same quarter in the previous year, the company posted $0.50 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 was Upgraded by Wells Fargo to ” Market Perform” on May 11, 2016.

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.

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