Talkot Capital Lowers stake in Dynex Capital Inc (DX)

Dynex Capital Inc (DX) : Talkot Capital reduced its stake in Dynex Capital Inc by 24.11% during the most recent quarter end. The investment management company now holds a total of 990,461 shares of Dynex Capital Inc which is valued at $7,349,221 after selling 314,622 shares in Dynex Capital Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Dynex Capital Inc makes up approximately 11.81% of Talkot Capital’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in DX in the latest quarter, The investment management firm added 1,473 additional shares and now holds a total of 31,664 shares of Dynex Capital Inc which is valued at $234,947.New York State Common Retirement Fund reduced its stake in DX by selling 10,400 shares or 20.8% in the most recent quarter. The Hedge Fund company now holds 39,600 shares of DX which is valued at $293,832.Swiss National Bank reduced its stake in DX by selling 4,300 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 84,600 shares of DX which is valued at $608,274.Msi Financial Services Inc reduced its stake in DX by selling 1,000 shares or 77.22% in the most recent quarter. The Hedge Fund company now holds 295 shares of DX which is valued at $2,009.

Dynex Capital Inc opened for trading at $7.29 and hit $7.42 on the upside on Monday, eventually ending the session at $7.36, with a gain of 0.55% or 0.04 points. The heightened volatility saw the trading volume jump to 1,28,898 shares. Company has a market cap of $362 M.

On the company’s financial health, Dynex Capital Inc reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.22. The company had revenue of $16.72 million for the quarter, compared to analysts expectations of $16.56 million. The company’s revenue was down -12.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Dynex Capital Inc. is an internally managed mortgage real estate investment trust (mortgage REIT) which invests in residential and commercial mortgage securities on a leveraged basis. The Firm’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. The Firm seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Firm’s operations consisted of originating and securitizing various types of loans principally single-family and commercial mortgage loans and manufactured housing loans. The Firm invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS) and commercial MBS (CMBS) including CMBS interest-only (IO) securities.

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