Invesco Mortgage Capital (NYSE:IVR), a real estate investment trust, focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.
Insider buying during the last 30 days
Here is a table of Invesco Mortgage Capital's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|John Anzalone||CIO||May 14||4,000||35,157 shares||+12.8%|
|Robson Kuster||COO||May 8||2,624||17,805 shares||+17.3%|
|Richard King||CEO||May 8||5,500||74,669 shares||+8.0%|
There have been 12,124 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Invesco Mortgage Capital's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 45,724 shares purchased and there have been zero shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.
Invesco Mortgage Capital reported the first-quarter financial results on May 5 with the following highlights:
|Core earnings||$56.9 million|
|Net loss||$75.3 million|
|Book value||$18.53 per share|
The three insiders purchased their shares after these results.
Invesco Mortgage Capital is currently trading below the book value.
|PEG (5 yr expected):||1.69||-7.87||0.89|
Invesco Mortgage Capital has the lowest P/B ratio among these three companies.
Here is a table of these competitors' insider activities during the last six months.
|Company||Insider buying / shares||Insider selling / shares|
Only Invesco Mortgage Capital has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Invesco Mortgage Capital, and there have not been any insiders selling Invesco Mortgage Capital during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Invesco Mortgage Capital has an insider ownership of 0.12%.
The three insiders purchased their shares at prices ranging from $16.82 to $16.99. I believe Invesco Mortgage Capital could be a good pick below $16.99 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in IVR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.