Annaly Capital Management, Inc. (NYSE:NLY) recovered 10.64% of its value since hitting low of $8.74. The recent move of 0.62% gain helped the stock to close at $9.67 when trading ended on 7/30/2019. At a recent session, the prices were hovering between $9.58 and $9.67. This company shares are 3.41% off its target price of $10 and the current market capitalization stands at $13.92B. The recent change has given its price a 5.11% lead over SMA 50 and -10.29% deficit over its 52-week high. The stock witnessed 5.91% gains, -4.16% declines and -7.02% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NLY’s volatility during a week at 1.15% and during a month it has been found around 1.05%.
What Does Annaly Capital Management, Inc. (NLY) Do?
The company describes itself in regulatory filings as, “Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit, and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Commercial Real Estate group includes commercial mortgage, loans, securities, and other commercial real estate debt, and equity investments. The Middle Market Lending group provides financing to private equity backed middle market businesses across the capital structures. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on November 25, 1996 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/NLY/profile under company description.]Annaly Capital Management, Inc. (NLY) Top Holders
Institutional investors currently hold around $8.14 billion or 60.2% in NLY stock. Look at its top three institutional owners: Blackrock Inc. owns $1.26 billion in Annaly Capital Management, Inc., which represents roughly 9.07% of the company’s market cap and approximately 15.5% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 129,026,279 shares of the stock are valued at $1.24 billion. The third largest holder is State Street Corp, which currently holds $457.18 million worth of this stock and that ownership represents nearly 3.28% of its market capitalization.
At the end of March reporting period, 395 institutional holders increased their position in Annaly Capital Management, Inc. (NYSE:NLY) by some 128,198,224 shares, 207 decreased positions by 34,325,156 and 95 held positions by 684,360,062. That puts total institutional holdings at 846,883,442 shares, according to SEC filings. The stock grabbed 103 new institutional investments totaling 18,614,051 shares while 52 institutional investors sold out their entire positions totaling 11,652,912 shares.Annaly Capital Management, Inc. (NYSE:NLY) Insider Trades
Multiple company employees have indulged in significant insider trading. Annaly Capital Management, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Fallon Katherine Beirne has acquired 2,780 shares of Annaly Capital Management, Inc. (NLY) in the trading session dated Jun. 07, 2019. These shares are worth $24,937 and were traded at $8.97 each. The SEC filing shows that Hamilton Thomas Edward performed a purchase of 90,000 shares. The Director added these shares by way of transaction on May. 17, 2019. The company’s shares were assimilated at $9.47 per share worth to an investment of some $852,300 to the account of Hamilton Thomas Edward.
Chief Corporate Officer, CLO, Green Anthony C, purchased 50,000 common shares of Annaly Capital Management, Inc. (NLY) in the open market. In a transaction dated May. 14, 2019, the shares were bought at an average price of $9.56, giving away a sum of $478,000. After this purchase, 151,000 common shares of NLY are directly owned by the insider, with total stake valued at $1,460,170.
In the transaction dated May. 06, 2019, a great number of shares acquired came courtesy the Chairman, CEO & President; KEYES KEVIN added a total of 300,000 shares at an average price of $9.62, amounting to approximately $2,886,000. The insider now directly owns 1,284,779 shares worth $12,423,813.Annaly Capital Management, Inc. (NLY) Analyst Guide
Several analysts have released their opinion on Annaly Capital Management, Inc. (NYSE:NLY), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.14 average brokerage recommendation [T1].