GSA Capital Partners LLP bought a new stake in shares of Dynex Capital Inc. (NYSE:DX) during the second quarter, Holdings Channel reports. The firm bought 48,662 shares of the company’s stock, valued at approximately $338,000. GSA Capital Partners LLP owned approximately 0.10% of Dynex Capital as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DX. Sterneck Capital Management LLC raised its position in Dynex Capital by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 17,374 shares of the company’s stock valued at $116,000 after buying an additional 54 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Dynex Capital by 116.0% in the second quarter. First Quadrant L P CA now owns 20,300 shares of the company’s stock valued at $141,000 after buying an additional 10,900 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Dynex Capital during the second quarter valued at about $156,000. Emerald Acquisition Ltd. bought a new stake in shares of Dynex Capital during the second quarter valued at about $222,000. Finally, Royal Bank of Canada raised its stake in shares of Dynex Capital by 12.3% in the first quarter. Royal Bank of Canada now owns 59,521 shares of the company’s stock valued at $396,000 after buying an additional 6,516 shares during the period. 43.87% of the stock is currently owned by hedge funds and other institutional investors.
Dynex Capital Inc. (NYSE:DX) traded down 0.67% during midday trading on Friday, reaching $7.44. 125,648 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $7.40 and a 200-day moving average of $6.91. The stock’s market cap is $365.65 million. Dynex Capital Inc. has a 12 month low of $5.22 and a 12 month high of $7.61.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, July 27th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The company earned $16.72 million during the quarter, compared to analysts’ expectations of $16.56 million. Dynex Capital had a negative net margin of 45.32% and a positive return on equity of 13.04%. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. On average, equities research analysts predict that Dynex Capital Inc. will post $1.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date of this dividend is Monday, October 3rd. Dynex Capital’s payout ratio is currently -80.00%.
DX has been the topic of several research reports. Credit Suisse Group AG reaffirmed a “hold” rating and set a $7.25 price target on shares of Dynex Capital in a report on Friday, September 9th. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $7.20.
In other Dynex Capital news, Director Thomas B. Akin sold 66,103 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $7.51, for a total transaction of $496,433.53. Following the transaction, the director now directly owns 1,270,289 shares in the company, valued at $9,539,870.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas B. Akin sold 23,800 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $6.67, for a total transaction of $158,746.00. Following the transaction, the director now owns 1,308,472 shares in the company, valued at $8,727,508.24. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’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.
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