Seeking Alpha

Captstead Mortgage (CMO) CEO Andrew Jacobs bought about $500K of company stock last week at a...

Captstead Mortgage (CMO) CEO Andrew Jacobs bought about $500K of company stock last week at a price of $11.67. It adds 8.4% to his holdings, which now total about 530K shares. An agency mREIT invested mostly in variable rate mortgages, Capstead is lower by nearly 18% in the last 3 months, and last week cut its quarterly dividend by 16.7% to $0.30.
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