Capstead Mortgage Corporation (NYSE:CMO), watched as one of its insiders altered their position with the company resulting in a lowering of their exposure. Director Michael G. Oneil acquired 1,639 shares of common stock through a transaction that began earlier in the week and was officially filed today, August 29th. These shares were bought at average prices ranging from $10.58 to $12.87 per share, and following this move, Oneil now holds a total of 56,104 shares directly in the corporation. Moreover, a $1.27 billion market cap company, Capstead Mortgage Corporation (NYSE:CMO) operates as a self-managed real estate investment trust (REIT).
In addition, billionaire Jim Simons is betting on this corporation for this upcoming quarter. After rasing its activity to Capstead Mortgage Corporation (NYSE:CMO) by 51% over the course of the last fiscal quarter, Simons’ hedge fund, Renaissance Technologies, has 538,930 shares worth about $7.2 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.