Featured MNV Articles:
More articles: 1 2 next »
|Orchid Island Capital Shares Cross Above 200 DMA
Friday, October 27, 4:15 PM ET, by Market News Video Staff
In trading on Friday, shares of Orchid Island Capital, Inc. (ORC) crossed above their 200 ...
ORC Breaks Above 17% Yield Territory
Wednesday, November 1, 3:06 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Orchid Island Capital, Inc. (ORC) were yielding above the ...
ARMOUR Residential REIT Breaks Below 200-Day Moving Average - Notable for ARR
Thursday, November 2, 11:11 AM ET, by Market News Video Staff
In trading on Thursday, shares of ARMOUR Residential REIT Inc. (ARR) crossed below their 200 ...
Relative Strength Alert For New York Mortgage Trust
Thursday, November 2, 12:06 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
MFA Financial (MFA) Passes Through 10% Yield Mark
Thursday, November 2, 3:08 PM ET, by Market News Video Staff
In trading on Thursday, shares of MFA Financial, Inc. (MFA) were yielding above the 10% ...
Top Buys by Directors: Mahowald's $478K Bet on CMO
By Dividend Channel Staff, Tuesday, January 31, 11:48 AM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $478K by Christopher W. Mahowald, Director at Capstead Mortgage Corp. (NYSE:CMO).
Mahowald bets big on CMO:
||Christopher W. Mahowald
Mahowald's average cost works out to $11.95/share. Shares of Capstead Mortgage Corp. were changing hands at $12.93 at last check, trading up about 0.3% on Tuesday. The chart below shows the one year performance of CMO shares, versus its 200 day moving average:
Looking at the chart above, CMO's low point in its 52 week range is $10.00 per share, with $13.95 as the 52 week high point — that compares with a last trade of $12.93.
The current annualized dividend paid by Capstead Mortgage Corp. is $1.72/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/28/2011. Below is a long-term dividend history chart for CMO, which can be of good help in judging whether the most recent dividend with approx. 13.3% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, CMO makes up 4.32% of the Mortgage REIT Income ETF (AMEX:MORT) which is trading higher by about 0.3% on the day Tuesday.
See what other ETFs contain CMO »
See what other stocks are held by MORT »
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO''
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud: