Stock Traders Buy High Volume of Put Options on Annaly Capital Management (NLY)

Annaly Capital Management Inc (NYSE:NLY) was the recipient of unusually large options trading on Monday. Traders purchased 19,662 put options on the company. This represents an increase of 4,348% compared to the average volume of 442 put options.

In other Annaly Capital Management news, CEO Kevin Keyes purchased 300,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Glenn Votek purchased 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $11.73 per share, for a total transaction of $293,250.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 334,800 shares of company stock worth $3,740,382 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Large investors have recently modified their holdings of the company. Capstone Asset Management Co. raised its position in Annaly Capital Management by 1.2% in the 2nd quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 280 shares during the last quarter. US Bancorp DE raised its position in Annaly Capital Management by 3.5% in the 2nd quarter. US Bancorp DE now owns 57,653 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 1,928 shares during the last quarter. NGAM Advisors L.P. raised its position in Annaly Capital Management by 5.2% in the 2nd quarter. NGAM Advisors L.P. now owns 142,073 shares of the real estate investment trust’s stock valued at $1,712,000 after buying an additional 7,032 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in Annaly Capital Management in the 2nd quarter valued at $152,000. Finally, Sei Investments Co. raised its position in Annaly Capital Management by 40.0% in the 2nd quarter. Sei Investments Co. now owns 112,489 shares of the real estate investment trust’s stock valued at $1,355,000 after buying an additional 32,144 shares during the last quarter. 54.45% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Annaly Capital Management currently has a consensus rating of “Hold” and an average target price of $11.77.

Annaly Capital Management (NYSE:NLY) opened at $11.95 on Thursday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 12-month low of $9.83 and a 12-month high of $12.73. The firm has a market capitalization of $13,902.92, a P/E ratio of 9.91, a PEG ratio of 2.29 and a beta of 0.22.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The company had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. During the same period in the prior year, the firm earned $0.29 earnings per share. Annaly Capital Management’s revenue for the quarter was up 12.2% on a year-over-year basis. research analysts predict that Annaly Capital Management will post 1.2 EPS for the current fiscal year.

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About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

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