Atomi Financial Group Inc. Grows Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Atomi Financial Group Inc. increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 24.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,727 shares of the real estate investment trust’s stock after purchasing an additional 3,252 shares during the quarter. Atomi Financial Group Inc.’s holdings in Annaly Capital Management were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Core Wealth Advisors Inc. lifted its stake in shares of Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Annaly Capital Management in the first quarter valued at about $29,000. GAMMA Investing LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at about $33,000. First United Bank & Trust bought a new position in shares of Annaly Capital Management in the fourth quarter worth about $33,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management during the first quarter worth about $37,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.3 %

NYSE:NLY traded up $0.06 on Wednesday, hitting $20.01. The stock had a trading volume of 924,062 shares, compared to its average volume of 3,608,340. The company has a fifty day moving average price of $19.82 and a two-hundred day moving average price of $19.50. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of -20.63 and a beta of 1.53. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter last year, the firm earned $0.72 EPS. As a group, analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.99%. Annaly Capital Management’s payout ratio is currently -268.04%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Compass Point lifted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Janney Montgomery Scott initiated coverage on Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.14.

Insider Transactions at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at approximately $12,280,003.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.