Formed in 1985 and based in Dallas, Texas, Capstead is a self-managed real estate investment trust, or REIT, for federal income tax purposes. The Company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, referred to as ARM securities, issued and guaranteed by government-sponsored enterprises, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.

Company profile
Ticker
CMO, CMO-PE
Exchange
Website
CEO
Phillip Reinsch
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
752027937
CMO stock data
Calendar
3 Aug 21
9 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 207.39M | 207.39M | 207.39M | 207.39M | 207.39M | 207.39M |
Cash burn (monthly) | 17.28M | (no burn) | 177.67K | 408.5K | (no burn) | (no burn) |
Cash used (since last report) | 230.53M | n/a | 2.37M | 5.45M | n/a | n/a |
Cash remaining | -23.14M | n/a | 205.02M | 201.94M | n/a | n/a |
Runway (months of cash) | -1.3 | n/a | 1154.0 | 494.4 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Oct 21 | Patsy Joseph Augustine | Common Stock | Sale back to company | Dispose D | No | No | 0 | 15,970 | 0 | 0 |
19 Oct 21 | Mahowald Christopher W | Common Stock | Sale back to company | Dispose D | No | No | 0 | 273,864 | 0 | 0 |
19 Oct 21 | Whiting Mark S | Common Stock | Sale back to company | Dispose D | No | No | 0 | 94,405 | 0 | 0 |
19 Oct 21 | Goolsby Michelle P | Common Stock | Sale back to company | Dispose D | No | No | 0 | 72,695 | 0 | 0 |
19 Oct 21 | Oneil Michael G | Common Stock | Sale back to company | Dispose D | No | No | 0 | 97,709 | 0 | 0 |
Institutional ownership, Q4 2021
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 135 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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Financial report summary
?Management Discussion
- ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
- Capstead operates as a self-managed REIT earning income from investing in a leveraged portfolio of residential mortgage pass-through securities primarily consisting of relatively short-duration ARM Agency Securities, which reset to more current interest rates within a relatively short period of time and are considered to have limited, if any, credit risk. By investing in ARM Agency Securities, the Company is positioned to benefit from future recoveries in financing spreads that typically contract during periods of rising interest rates and to experience smaller fluctuations in portfolio values compared to leveraged portfolios containing a significant amount of fixed-rate mortgage securities.
- Capstead reported for GAAP purposes net income of $16 million and $34 million representing $0.11 and $0.26 per diluted common share for the quarter and six months ended June 30, 2021, respectively. The Company reported core earnings of $14 million and $31 million or $0.09 and $0.22 per diluted common share for the quarter and six months ended June 30, 2021, respectively. See “Reconciliation of GAAP and non-GAAP Financial Measures” for more information on core earnings.
Content analysis
?Positive | ||
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Readability |
H.S. senior V bad
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New words:
absence, accelerate, affirmative, announced, announcement, BSPRT, cancelled, case, cent, community, conformity, consummate, contemplated, correct, counsel, declared, Delaware, delivery, distributed, diverted, enjoy, entitled, entry, exceed, failed, forma, fractional, impression, issuable, July, liable, lieu, listing, LLC, Maryland, merge, merger, minimum, multiplied, nature, nearest, organized, par, Parent, party, pendency, preceding, pro, product, provision, publicity, quotient, Realty, receding, receipt, reclassification, registration, renamed, reverse, Rodeo, rounded, rounding, satisfied, seeking, set, split, Stockholder, strategic, Street, subsidiary, taxation, thereof, thereon, transaction, true, vote, York
Removed:
continuously, excludable, size
Financial reports
Current reports
8-K
Franklin BSP Realty Trust, Inc. and Capstead Mortgage Corporation Announce Completion of Merger
19 Oct 21
8-K
Submission of Matters to a Vote of Security Holders
15 Oct 21
8-K
Franklin BSP Realty Trust, Inc. and Capstead Mortgage Corporation Announce Final Exchange Ratio for Proposed Merger
12 Oct 21
8-K
Declares Interim Common Dividend of $0.014 Per Share
7 Oct 21
8-K
Other Events
6 Oct 21
8-K
Entry into a Material Definitive Agreement
22 Sep 21
8-K
Declares Third Quarter 2021 Common Dividend of $0.0725 Per Share
16 Sep 21
8-K
Announces Second Quarter 2021 Results
28 Jul 21
8-K
Benefit Street Partners Realty Trust and Capstead Mortgage Corporation to Merge
26 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
12 May 21
Registration and prospectus
15-12B
Securities registration termination
28 Oct 21
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Oct 21
POS AM
Prospectus update (post-effective amendment)
19 Oct 21
25-NSE
Exchange delisting
19 Oct 21
25-NSE
Exchange delisting
19 Oct 21
425
Business combination disclosure
12 Oct 21
425
Business combination disclosure
12 Oct 21
425
Business combination disclosure
12 Oct 21
425
Business combination disclosure
7 Oct 21
425
Business combination disclosure
6 Oct 21
Proxies
DEFA14A
Additional proxy soliciting materials
22 Sep 21
DEFM14A
Proxy related to merger
7 Sep 21
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
Other
EFFECT
Notice of effectiveness
21 Oct 21
UPLOAD
Letter from SEC
18 Aug 21
CORRESP
Correspondence with SEC
5 Aug 21
UPLOAD
Letter from SEC
1 Aug 21
EFFECT
Notice of effectiveness
15 Dec 20
CORRESP
Correspondence with SEC
13 Dec 20
UPLOAD
Letter from SEC
10 Dec 20
UPLOAD
Letter from SEC
21 Jun 17
CORRESP
Correspondence with SEC
12 Jun 17
UPLOAD
Letter from SEC
17 May 17
Ownership
4
CAPSTEAD MORTGAGE / Roy Kim ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / PHILLIP A REINSCH ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / Lance Phillips ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / ROBERT R SPEARS JR ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / Jack Biegler ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / GARY KEISER ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / MICHELLE P GOOLSBY ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / MICHAEL G ONEIL ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / MARK S WHITING ownership change
21 Oct 21
4
CAPSTEAD MORTGAGE / CHRISTOPHER W MAHOWALD ownership change
21 Oct 21
Transcripts
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
31 Jan 19
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