Investing in Annaly Capital Management Inc. [NLY]: What You Must Know

CHWY Stock
CHWY Stock

Annaly Capital Management Inc.’s filing revealed that its CEO and President Finkelstein David L acquired Company’s shares for reported $1.11 million on Jun 17. In the deal valued at $5.56 per share,200,000 shares were bought. As a result of this transaction, Finkelstein David L now holds 1,669,013 shares worth roughly $ 30.41 million.

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Barclays upgraded its Annaly Capital Management Inc. [NLY] rating to an Overweight from a an Equal weight in a research note published on Friday, October 27, 2022; the price target was increased to $19 from $6. PT values the company’s stock at a premium of 4.11 to its Friday closing price. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early June from “a Mkt perform” to “an Outperform”. BofA Securities also remained covering NLY and has decreased its forecast on February 14, 2022 with a “Neutral” recommendation from previously “Buy” rating. JMP Securities revised its rating on February 08, 2022. It rated NLY as “a Mkt perform” which previously was an “a Mkt outperform”.

Price Performance Review of NLY

On Friday, Annaly Capital Management Inc. [NYSE:NLY] saw its stock jump 3.46% to $18.22. On the same session, the stock had its day’s lowest price of $17.74, but rose to a high of $18.62. Over the last five days, the stock has lost -1.25%. Annaly Capital Management Inc. shares have fallen nearly -41.75% since the year began. Nevertheless, the stocks have fallen -46.54% over the past one year. While a 52-week high of $34.96 was reached on 01/04/22, a 52-week low of $15.11 was recorded on 10/10/22. SMA at 50 days reached $20.68, while 200 days put it at $25.41. A total of 7.16 million shares were traded, compared to the trading of 10.52 million shares in the previous session.

Levels Of Support And Resistance For NLY Stock

The 24-hour chart illustrates a support level at 17.77, which if violated will result in even more drops to 17.31. On the upside, there is a resistance level at 18.65. A further resistance level may holdings at 19.07. The Relative Strength Index (RSI) on the 14-day chart is 47.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.51%. Stochastics %K at 61.40% indicates the stock is a holding.

How much short interest is there in Annaly Capital Management Inc.?

A steep rise in short interest was recorded in Annaly Capital Management Inc. stocks on Jul 14, 2022, dropping by -2.19 million shares to a total of 51.18 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 53.37 million shares. There was a decline of -4.28%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.55.

Annaly Capital Management Inc. [NLY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 35,166,482 shares, or roughly 7.51% of the outstanding NLY shares. In other words, the investor’s shares have risen by 2,807,974 from its previous 13-F filing of 32358508.0. Additionally, BlackRock Fund Advisors increased 31.20% of its stake after which the total value it holdings stand at $414,703,489, while LSV Asset Management added 300.00% of its stake to hold $275.99 million in the firm. Over the last quarter, Allspring Global Investments LLC purchased 3,075,684 shares of Annaly Capital Management Inc., while SSgA Funds Management, Inc. bought 1,065,849 shares. At present, Marshall Wace LLP is holding 7,784,884 shares valued at $133.59 million. Geode Capital Management LLC owned 5,974,306 shares of the company at the time of its most recent 13F filing, worth $102.52 million.

According to FactSet, Annaly Capital Management Inc.’s share price will average $19.78 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.73 percent from its previous closing price of $17.61. Analysts expect Annaly Capital Management Inc. stock to reach the higher price of $24.00, while the lowest price estimate is $18.00. However, 12 analysts have rated NLY stock as an Overweight in their predictions for 2022.


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