Anworth boosts buyback, looks to other investments

Anworth Mortgage (ANH +1.9%) has its tail in the air after the company boosts its buyback program by 10M shares. Thus far in Q1, the company has bought back 4.023M shares at an average price of $4.93 each. For the year ended Dec. 31, Anworth repurchased 7.646M shares at an average price of $4.95 each.

Anworth is also expanding its investment horizons, forming Anworth Properties to invest in other sorts of mortgage assets and real estate rental properties.

Company book value per share as of Dec. 31 was $5.98 putting the current price of $5.34 at a 10.7% discount to book.

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