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Western Asset Mortgage Capital Corp (WMC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Western Asset Mortgage Capital Corp (WMC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio. The Corporation is externally managed by Western Asset Management Company and emphasizes on undervalued assets. Western Asset Mortgage Capital Corp has a market cap of $491.260 million; its shares were traded at around $10.21 with a P/E ratio of 6.56 and P/S ratio of 5.92. The dividend yield of Western Asset Mortgage Capital Corp stocks is 12.15%.


At the end of the fiscal year, Western Asset Mortgage Capital Corp has the cash and cash equivalents of $22.0 million, compared with $48.0 million in the previous year. The long term debt was $3.9 billion, compared with $3.4 billion in the previous year. Western Asset Mortgage Capital Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $10.21, Western Asset Mortgage Capital Corp is traded at 29.9% premium to its historical median P/S valuation band of $7.86. The P/S ratio of the stock is 5.92, while the historical median P/S ratio is 4.56. The stock gained 21.16% during the past 12 months.

For the complete 20-year historical financial data of WMC, click here.

This article first appeared on GuruFocus.