November 18, 2016 - By Vivian Park · 0 Comments
Western Asset Mortgage Defined Opportunity Fund Inc (NYSE:DMO) institutional sentiment increased to 4 in 2016 Q2. Its up 3.10, from 0.9 in 2016Q1. The ratio increased, as 9 active investment managers started new and increased holdings, while 10 cut down and sold their positions in Western Asset Mortgage Defined Opportunity Fund Inc. The active investment managers in our partner’s database now own: 1.11 million shares, down from 1.23 million shares in 2016Q1. Also, the number of active investment managers holding Western Asset Mortgage Defined Opportunity Fund Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 7 Increased: 9 New Position: 0.
Western Asset Mortgage Defined Opportunity Fund Inc. is a non-diversified, limited-term, closed-end management investment company. The company has a market cap of $241.31 million. The Fund’s primary investment objective is to provide current income. It currently has negative earnings. As a secondary investment objective, the Fund intends to seek capital appreciation.
The stock decreased 2.23% or $0.5 on November 17, hitting $21.9. Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) has declined 5.93% since April 18, 2016 and is downtrending. It has underperformed by 10.36% the S&P500.
Limestone Value Partners Llc holds 5.31% of its portfolio in Western Asset Mrtg Defined Oppn Fund Inc for 156,280 shares. New Vernon Investment Management Llc owns 148,036 shares or 2.99% of their US portfolio. Moreover, Horizon Kinetics Llc has 0.07% invested in the company for 122,134 shares. The New Jersey-based Bessemer Group Inc has invested 0.01% in the stock. Janney Montgomery Scott Llc, a Pennsylvania-based fund reported 30,221 shares.#img1#
More recent Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) news were published by: Zacks.com which released: “Q3 Earnings Weak, Despite Tech Strength” on October 23, 2015. Also Zacks.com published the news titled: “Q3 Earnings: Weak Growth & Guidance” on October 24, 2014. Reuters.com‘s news article titled: “Western Asset Mortgage Defined Opportunity Fund Inc announces new chairman, CEO and president – Form 8-K” with publication date: July 22, 2015 was also an interesting one.
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By Vivian Park