The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Annaly Capital Management Inc. shares valued at $1,112,000 were purchased by Finkelstein David L on Jun 17. At $5.56 per share, Finkelstein David L acquired 200,000 shares. The insider’s holdings grew to 1,669,013 shares worth approximately $10.03 million following the completion of this transaction.
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As published in a research note from Keefe Bruyette on June 09, 2022, Annaly Capital Management Inc. [NLY] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $6.75 from $6.25. This represents a 10.96% premium over Wednesday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 08, 2022, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for NLY. Earlier on October 29, 2021, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for NLY stock which previously was a “an Overweight”.
Analyzing NLY’s Price Performance
On Wednesday, Annaly Capital Management Inc. [NYSE: NLY] plunged -1.15% to $6.01. The stock’s lowest price that day was $6.01, but it reached a high of $6.14 in the same session. During the last five days, there has been a drop of approximately -6.24%. Over the course of the year, Annaly Capital Management Inc. shares have dropped approximately -23.15%. Shares of the company reached a 52-week high of $8.18 on 01/04/22 and a 52-week low of $5.45 on 06/17/22. A 50-day SMA is recorded $6.51, while a 200-day SMA reached $6.93. Nevertheless, trading volume fell to 34.04 million shares from 31.9 million shares the previous day.
Support And Resistance Levels for Annaly Capital Management Inc. (NLY)
According to the 24-hour chart, there is a support level at 5.97, which, if violated, would cause prices to drop to 5.92. In the upper region, resistance lies at 6.10. The next price resistance is at 6.18. RSI (Relative Strength Index) is 32.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 97.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Annaly Capital Management Inc. subject to short interest?
Stocks of Annaly Capital Management Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.19 million shares to 51.18 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 53.37 million shares. A decline of -4.28% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.55 of the overall float, the days-to-cover ratio (short ratio) decline to 1.55.
Which companies own the most shares of Annaly Capital Management Inc. (NLY)?
According to The Vanguard Group, Inc. filings, the company currently owns 140,665,929 shares, which is about 8.16% of the total NLY shares outstanding. The investor’s shares have appreciated by 11,231,897 from its previous 13-F filing of 129434032.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $623,505,227. Allspring Global Investments LLC acquire a 11.89% interest valued at $289.75 million while SSgA Funds Management, Inc. purchased a 4,263,394 stake. A total of 26,193,526 shares of Annaly Capital Management Inc. were bought by Marshall Wace LLP during the quarter, and 2,093,195 were bought by Geode Capital Management LLC. In its current portfolio, LSV Asset Management holds 16,083,441 shares valued at $103.74 million.
In terms of Annaly Capital Management Inc. share price expectations, FactSet research, analysts set an average price target of $6.53 in the next 12 months, up nearly 6.91% from the previous closing price of $6.08. Analysts anticipate Annaly Capital Management Inc. stock to reach $7.00 by 2022, with the lowest price target being $6.00. In spite of this, 13 analysts ranked Annaly Capital Management Inc. stock as an Overweight at the end of 2022. On October 06, 2021, Piper Sandler assigned a price target of “a Neutral” to the stock and downgraded coverage with a $8.50.