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
Website
CEO
Phillip Reinsch
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
752027937
CMO stock data
()
News
Capstead Mortgage Q2 Core EPS $0.09 Misses $0.15 Estimate, Sales $20.79M Miss $28.76M Estimate
28 Jul 21
Earnings Scheduled For July 28, 2021
28 Jul 21
5 Value Stocks In The Real Estate Sector
26 Jul 21
12 Financials Stocks Moving In Monday's Pre-Market Session
26 Jul 21
Stocks That Hit 52-Week Highs On Wednesday
9 Jun 21
Press releases
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Capstead Mortgage Corp. - CMO
31 Jul 21
Lifshitz Law Firm, P.C. Announces Investigation of ALTA, CMO, VLLX, and OSBC
29 Jul 21
Capstead Mortgage Corporation Announces Second Quarter 2021 Results
28 Jul 21
CAPSTEAD MORTGAGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Capstead Mortgage Corporation - CMO
27 Jul 21
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates MDLA, OSBC, CMO, LDL; Shareholders are Encouraged to Contact the Firm
27 Jul 21
Calendar
4 May 21
31 Jul 21
31 Dec 21
Financial summary
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 |
Recent insider trades
| 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 |
Institutional ownership Q1 2021
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 |
|---|---|
| Total holders | 145 |
| Opened positions | 22 |
| Closed positions | 26 |
| Increased positions | 41 |
| Reduced positions | 54 |
13F shares |
Current |
|---|---|
| Total value | 778.41M |
| Total shares | 71.27M |
| Total puts | 31.4K |
| Total calls | 0 |
| Total put/call ratio | Infinity |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 18.2M | $113.41M |
| Vanguard | 10.28M | $64.04M |
| Paradice Investment Management | 5.57M | $34.72M |
| TROW T. Rowe Price | 5.17M | $32.22M |
| STT State Street | 3.27M | $20.85M |
| IVZ Invesco | 2.72M | $16.95M |
| BAC Bank Of America | 2.07M | $12.92M |
| Geode Capital Management | 1.51M | $9.41M |
| Mirae Asset Global Investments | 1.42M | $8.84M |
| Orchard Capital Managment | 1.34M | $8.36M |
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
Financial reports
10-Q
2021 Q1
Quarterly report
4 May 21
10-K
2020 FY
Annual report
19 Feb 21
10-Q
2020 Q3
Quarterly report
3 Nov 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
5 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
28 Oct 19
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
22 Feb 19
Current reports
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
8-K
Regulation FD Disclosure
4 May 21
8-K
Announces First Quarter 2021 Results
28 Apr 21
8-K
Announces Fourth Quarter 2020 Results
27 Jan 21
8-K
Entry into a Material Definitive Agreement
12 Jan 21
8-K
Departure of Directors or Certain Officers
11 Jan 21
8-K
Regulation FD Disclosure
9 Nov 20
8-K
Announces Third Quarter 2020 Results
28 Oct 20
Registration and prospectus
425
Business combination disclosure
26 Jul 21
425
Business combination disclosure
26 Jul 21
425
Business combination disclosure
26 Jul 21
425
Business combination disclosure
26 Jul 21
424B5
Prospectus supplement for primary offering
12 Jan 21
S-3/A
Shelf registration (amended)
11 Dec 20
S-3
Shelf registration
2 Dec 20
424B5
Prospectus supplement for primary offering
31 Jul 19
424B5
Prospectus supplement for primary offering
29 Jul 19
424B5
Prospectus supplement for primary offering
5 Dec 17
Proxies
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEF 14A
Definitive proxy
2 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
DEFA14A
Additional proxy soliciting materials
5 Apr 18
DEFR14A
Revised proxy
26 Apr 17
Other
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
CERTNYS
Certification of approval for NYSE listing
14 May 13
UPLOAD
Letter from SEC
8 Jul 12
CORRESP
Correspondence with SEC
26 Jun 12
CORRESP
Correspondence with SEC
28 May 12
Ownership
4
CAPSTEAD MORTGAGE / MARK S WHITING ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / GARY KEISER ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / Jack Biegler ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / CHRISTOPHER W MAHOWALD ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / MICHAEL G ONEIL ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / MICHELLE P GOOLSBY ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / Patsy Joseph Augustine ownership change
30 Jul 21
4
CAPSTEAD MORTGAGE / ROBERT R SPEARS JR ownership change
1 Mar 21
4
CAPSTEAD MORTGAGE / Lance Phillips ownership change
1 Mar 21
4
CAPSTEAD MORTGAGE / Roy Kim ownership change
1 Mar 21
Transcripts
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
2018 Q3
Earnings call transcript
25 Oct 18
2018 Q2
Earnings call transcript
26 Jul 18
Reddit threads
Almost 1M shares trade 66% Shorted on $NOVC Novation Co on NO NEWS, Other Negative Narrative created by Board while they take at less than ONE CENT 50M Shrs; 18M RSU for BOARD + 31.3M NOVC Common for Note Holders hidden behind CDOs Fortress/Taberna I & II 67% & EJF Capital/Kodiak CDO One 33%
29 Jul 21
The Truth about ex MREIT Novastar Financial Inc. ex NYSE $NFI now Novation Companies, Inc. OTCBB $NOVC
19 Jul 21
Novation Companies Inc. OTCBB $NOVC filed 8K 7/16/21 Here IMO is why!
17 Jul 21
Small Count own 30M Novation Co $NOVC + 90M shrs held by Controlling Inv. (MassMutual Barings 19.3M, NOVC Chairman & his cabal 40M + 31.3M common given to Note Holders hidden behind CDOs Fortress/Taberna CDO & www.EJFCap.com/ Kodiak CDO = 1
7 Jul 21
$NOVC share price could be close to 60 if NOVC Board & Note Holders were transparent plus annual dividend estimate 3 to 6 per share.
7 Jul 21
Rumor Several very close to Chairman of Novation Companies Inc. OTCBB $NOVC have rendered a guess that NOVC Board is playing nice with Note Holders own 31M NOVC Common Shares (Fortress holds CDOs Taberna I & II and EJF Capital www.ejfcap.com hold Kodiak CDO One, 1.3rd of NOVC Debt.) READ ON!
5 Jul 21
$SNR New Senior bought by Ventas at premium another win for Fortress Wes Edens, CEO & Bucks owner. Fortress also controls via both Debt and Common Novation Companies, $NOVC hidden behind CDOs Taberna I and II CDOs hidden by Edens Fortress ex Co Inv at Dynex Capital $DX CoB at NOVC
29 Jun 21
Short Squeeze led by MassMutual Barings, Fortress aka SoftBank and EJF Capital aka White Mountains owned by Fairholme Capital Bruce Berkowitz. Who needs r/wallstreetbets
4 Jun 21
Investment Thesis on Penny Stock 77% owned by MassMutual, Fortress owned by SoftBank & Band of related investors that control NOVC Board
28 May 21
Great Manny Friedman Co-CEO of EJF Capital ex Founder FBR with Wesley R. Edens, COB Fortress own control of Novation Companies, Inc. OTCBB $NOVC. Here what I believe they plan for $730M NOLs, Rights that control most $3B RMBS, Non-QM Portfolio 6% WAC collateral assets.
19 May 21