Anworth Mortgage Asset Corp Reit (ANH) Director Purchases $121,500.00 in Stock

Anworth Mortgage Asset Corp Reit (NYSE:ANH) Director Dominique Mielle bought 30,000 shares of Anworth Mortgage Asset Corp Reit stock in a transaction dated Friday, March 29th. The stock was purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $121,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ANH traded up $0.01 on Monday, hitting $4.10. 442,728 shares of the company traded hands, compared to its average volume of 721,024. The company has a quick ratio of 24.76, a current ratio of 24.76 and a debt-to-equity ratio of 1.24. The company has a market cap of $404.14 million, a PE ratio of 8.33 and a beta of 0.36. Anworth Mortgage Asset Corp Reit has a 12-month low of $3.98 and a 12-month high of $5.23.

Anworth Mortgage Asset Corp Reit (NYSE:ANH) last posted its quarterly earnings data on Thursday, February 14th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Anworth Mortgage Asset Corp Reit had a return on equity of 10.83% and a net margin of 28.41%. The firm had revenue of ($32.26) million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 12.68%. The ex-dividend date is Thursday, March 28th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new position in Anworth Mortgage Asset Corp Reit during the 4th quarter worth approximately $44,000. Two Sigma Advisers LP acquired a new position in Anworth Mortgage Asset Corp Reit during the 4th quarter worth approximately $48,000. Creative Planning acquired a new position in Anworth Mortgage Asset Corp Reit during the 4th quarter worth approximately $48,000. Legal & General Group Plc increased its position in Anworth Mortgage Asset Corp Reit by 25.7% during the 4th quarter. Legal & General Group Plc now owns 20,275 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 4,146 shares during the period. Finally, Roosevelt Investment Group Inc. acquired a new position in Anworth Mortgage Asset Corp Reit during the 4th quarter worth approximately $88,000. Institutional investors own 52.57% of the company’s stock.

Several research firms have commented on ANH. Credit Suisse Group downgraded Anworth Mortgage Asset Corp Reit from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $4.25 to $4.00 in a research note on Monday, January 28th. TheStreet downgraded Anworth Mortgage Asset Corp Reit from a “c” rating to a “d” rating in a research note on Friday, February 15th.

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About Anworth Mortgage Asset Corp Reit

Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States. It primarily invests in, finances, and manages a leveraged portfolio of residential mortgage-backed securities and loans that are guaranteed by government-sponsored enterprises, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.

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