No insider purchase over the last 90 days. The latest, by Johnson Sean O., was filed 09 Jun 2022.
Western Asset Mortgage Capital Corp is a Real Estate company. Its directors and officers file their transactions with SEC (Form 4). The past year has been quiet: not a single insider filing for Western Asset Mortgage Capital Corp. The previous disclosure was published on 8 December 2023.
Our records for Western Asset Mortgage Capital Corp go back to 2016, with 54 purchases and 1 sale on the open market in total.
These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2022 · cache
25 of 132 declarations
Western Asset Mortgage Capital Corp. (NYSE: WMC) was a U.S.-based mortgage REIT focused on investing in, financing, and managing a diversified portfolio of real-estate-related financial assets. The company was organized in Delaware and began operations in May 2012. Over time, SEC filings have referenced its principal offices in Pasadena, California, and later Salt Lake City, Utah, reflecting changes in the company’s operating setup and management footprint. WMC’s business model was centered on spread investing rather than direct property ownership: it invested across residential whole loans, non-agency RMBS, agency RMBS, commercial loans, non-agency CMBS, agency CMBS, and other structured or asset-backed securities. That mix positioned the company squarely within the U.S. mortgage-finance ecosystem, where returns depend on asset selection, leverage, financing costs, and the path of interest rates. WMC was externally managed by Western Asset Management Company, LLC, an SEC-registered investment adviser and a wholly owned subsidiary of Franklin Resources, which gave the firm access to institutional fixed-income expertise while also creating the usual external-management cost and governance considerations associated with mREITs. In competitive terms, WMC operated in a crowded and cyclical segment dominated by rate-sensitive players competing on capital allocation discipline, access to financing, and the ability to manage prepayment, credit, and duration risk. Its market positioning was that of a specialized income vehicle for investors seeking exposure to U.S. mortgage credit and structured real estate debt markets, with performance driven more by macro spreads and portfolio management than by physical real estate fundamentals. A major recent development was the company’s acquisition by AG Mortgage Investment Trust, Inc. (NYSE: MITT), completed in December 2023, after which WMC ceased to exist as an independent public issuer. SEC materials related to that transaction describe WMC as an externally managed mortgage REIT invested in residential mortgage loans, real-estate-related securities, and commercial real estate loans, and note that the merger was intended to improve scale, liquidity, and operating efficiency for the combined platform. For investors in the United States and in Europe tracking U.S.-listed mortgage REITs, WMC is best understood as a former NYSE-listed mREIT whose historical profile combined attractive income-generation potential with high sensitivity to rates, funding markets, and housing-credit conditions.
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2022 | n.d. | -89.1 m USD | -14.77 USD | 10-K |
| Dec 2021 | n.d. | -49.0 m USD | -8.07 USD | 10-K |
| Dec 2020 | n.d. | -328.4 m USD | -57.20 USD | 10-K |
| Dec 2019 | n.d. | 70.7 m USD | 1.37 USD | 10-K |
| Dec 2018 | n.d. | 26.4 m USD | 0.61 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.