Insider Buying: Anzalone John, Invesco Mortgage Capital Inc. [IVR] CEO invested 15,000 shares

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. Invesco Mortgage Capital Inc. shares valued at $24,750 were purchased by Anzalone John on May 10. At $1.65 per share, Anzalone John acquired 15,000 shares. The insider’s holdings grew to 83,178 shares worth approximately $1.17 million following the completion of this transaction.

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Also, Collins Kevin M purchased 7,178 shares, netting a total of over 11,987 in proceeds. Following the buying of shares at $1.67 each, the insider now holds 35,000 shares.

Before that, Phegley Richard Lee Jr. had added 12,092 shares to its account. In a trade valued at $20,194, the Chief Financial Officer bought Invesco Mortgage Capital Inc. shares for $1.67 each. Upon closing the transaction, the insider’s holdings increased to 12,092 shares, worth approximately $0.4 million.

As published in their initiating research note from Jefferies on December 14, 2020, Invesco Mortgage Capital Inc. [IVR] has been an Underperform and the price target has been revised to $2.75. This represents a -410.18% premium over Thursday’s closing price. Analysts at BofA Securities started covering the stock with ‘”an Underperform”‘ outlook in a report released in late June. As of May 27, 2020, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for IVR. Earlier on May 26, 2020, Credit Suisse downgraded its rating. Their new recommendation was “an Underperform” for IVR stock which previously was a “a Neutral”.

Analyzing IVR’s Price Performance

On Thursday, Invesco Mortgage Capital Inc. [NYSE: IVR] plunged -3.24% to $14.03. The stock’s lowest price that day was $13.86, but it reached a high of $14.46 in the same session. During the last five days, there has been a drop of approximately -5.01%. Over the course of the year, Invesco Mortgage Capital Inc. shares have dropped approximately -49.53%. Shares of the company reached a 52-week high of $30.20 on 01/07/22 and a 52-week low of $9.63 on 06/16/22. A 50-day SMA is recorded $16.09, while a 200-day SMA reached $20.10. Nevertheless, trading volume fell to 1.33 million shares from 0.61 million shares the previous day.

Support And Resistance Levels for Invesco Mortgage Capital Inc. (IVR)

According to the 24-hour chart, there is a support level at 13.77, which, if violated, would cause prices to drop to 13.52. In the upper region, resistance lies at 14.37. The next price resistance is at 14.72. RSI (Relative Strength Index) is 27.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 92.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Invesco Mortgage Capital Inc. subject to short interest?

Stocks of Invesco Mortgage Capital Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.64 million shares to 4.25 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.61 million shares. A jump of 15.06% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.94 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.94.

Which companies own the most shares of Invesco Mortgage Capital Inc. (IVR)?

According to BlackRock Fund Advisors filings, the company currently owns 5,605,817 shares, which is about 16.98% of the total IVR shares outstanding. The investor’s shares have appreciated by 341,980 from its previous 13-F filing of 5263837.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $52,203,528. SSgA Funds Management, Inc. acquire a 8.54% interest valued at $20.6 million while Global X Management Co. LLC purchased a 135,911 stake. A total of 705,655 shares of Invesco Mortgage Capital Inc. were bought by Balyasny Asset Management LP during the quarter, and 110,090 were bought by Geode Capital Management LLC. In its current portfolio, Susquehanna Financial Group LLLP holds 479,798 shares valued at $7.62 million.

In terms of Invesco Mortgage Capital Inc. share price expectations, FactSet research, analysts set an average price target of $14.83 in the next 12 months, up nearly 3.45% from the previous closing price of $14.50. Analysts anticipate Invesco Mortgage Capital Inc. stock to reach $15.50 by 2022, with the lowest price target being $14.00. In spite of this, 3 analysts ranked Invesco Mortgage Capital Inc. stock as a Sell at the end of 2022.


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