Docoh
Loading...

CMO Capstead Mortgage

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
CEO
Phillip Reinsch
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
752027937

CMO stock data

(
)

Calendar

4 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 259.23M 259.23M 259.23M 259.23M 259.23M 259.23M
Cash burn (monthly) (positive/no burn) 5.85M 391.67K 1.22M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 23.5M 1.57M 4.88M n/a n/a
Cash remaining n/a 235.73M 257.66M 254.35M n/a n/a
Runway (months of cash) n/a 40.3 657.9 209.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jul 21 Patsy Joseph Augustine Common Stock Grant Aquire A No No 0 3,950 0 15,970
28 Jul 21 Whiting Mark S Common Stock Grant Aquire A No No 0 3,950 0 94,405
28 Jul 21 Keiser Gary Common Stock Grant Aquire A No No 0 3,950 0 93,628
28 Jul 21 Biegler Jack Common Stock Grant Aquire A No No 0 3,950 0 114,105
28 Jul 21 Mahowald Christopher W Common Stock Grant Aquire A No No 0 3,950 0 273,864

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

73.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 145 149 -2.7%
Opened positions 22 17 +29.4%
Closed positions 26 17 +52.9%
Increased positions 41 41
Reduced positions 54 59 -8.5%
13F shares
Current Prev Q Change
Total value 778.41M 442.71M +75.8%
Total shares 71.27M 76.12M -6.4%
Total puts 31.4K 1.62M -98.1%
Total calls 0 1.03M EXIT
Total put/call ratio Infinity 1.6 +Infinity%
Largest owners
Shares Value Change
BLK Blackrock 18.2M $113.41M +4.1%
Vanguard 10.28M $64.04M +0.9%
Paradice Investment Management 5.57M $34.72M -0.4%
TROW T. Rowe Price 5.17M $32.22M -26.8%
STT State Street 3.27M $20.85M -1.3%
IVZ Invesco 2.72M $16.95M +44.2%
BAC Bank Of America 2.07M $12.92M +3.0%
Geode Capital Management 1.51M $9.41M +6.9%
Mirae Asset Global Investments 1.42M $8.84M NEW
Orchard Capital Managment 1.34M $8.36M +52.0%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 5.17M -1.9M -26.8%
NTRS Northern Trust 1.29M -1.75M -57.6%
Mirae Asset Global Investments 1.42M +1.42M NEW
Norges Bank 0 -973.62K EXIT
IVZ Invesco 2.72M +833.36K +44.2%
BLK Blackrock 18.2M +722.08K +4.1%
Acadian Asset Management 115.49K -720.41K -86.2%
WFC Wells Fargo & Co. 558.7K -702.57K -55.7%
Kestrel Investment Management 0 -611.8K EXIT
Diametric Capital 0 -489.55K EXIT

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 $19 million, representing $0.15 per diluted common share for the quarter ended March 31, 2021. The Company reported core earnings of $17 million or $0.13 per diluted common share for the quarter ended March 31, 2021.  See “Reconciliation of GAAP and non-GAAP Financial Measures” for more information on core earnings.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior V bad
New words: August, drove, eventual, option, peak, penalty, recoverable, SOFR, stopped, supply, variety, widespread
Removed: April, base, borne, brought, chartered, collateralized, collectively, conduit, considerably, deepened, defined, destabilizing, determine, discontinued, drain, exclusively, extremely, falling, FASB, federally, feeding, forced, heightened, impaired, issue, January, June, levered, liquid, methodology, obtained, offering, operated, originated, percent, periodically, pressure, program, pronounced, quoted, recession, reduction, repayment, secure, sharply, spectrum, structured, unlevered, variance, vulnerable

Reddit threads