Insider buy at Annaly

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

Annaly Capital (NLY +1.2%) director John Schaeffer adds 40% to his stake in the company, buying 10K shares on Monday for about $12 each.

The stock has tumbled along with the rest of the mortgage REIT sector - off more than 25% since the end of March - but has stabilized in the $11.50-$12 range for the last month.

Q2 earnings report last week.