American Capital Mortgage Investment Corp (NASDAQ:MTGE) falls by 3.49%, Iconix Brand Group Inc (NASDAQ:ICON)

Posted by George Brook May 6, 2013 0 Comment 768 views


American Capital Mortgage Investment Corp (NASDAQ:MTGE): There was a drop of 3.49% in American Capital Mortgage Investment Corp. (NASDAQ:MTGE) shares in Friday’s trading session. The opening price of the shares was $25.12 which touched an intraday high of $25.80 before dipping to $25.04 per share. Over 3.35M shares were traded in Friday’s trading session which was considerably higher than the average volume of .9M that was measured over the last 30 days.

American Capital Mortgage Investment Corp. has just posted its earnings results. On Monday, it’s reported Earnings per Share for the quarter of $0.50. This missed the $0.81 consensus estimate by $0.31. For the quarter, the company revenue stood at a $43.50 million in comparison to the $41.78 million consensus estimate. Its quarterly revenue rose by 191.9% on the year over year basis.

The company invests and manages a leveraged portfolio that consists of non-agency mortgage investments, agency mortgage investments as well as other mortgage-related investments.

Iconix Brand Group Inc (NASDAQ:ICON): There was a rise of 0.35% in Iconix Brand Group Inc (NASDAQ:ICON) shares in Friday’s trading session. The opening price of the shares was $28.96 which touched an intraday high of $29.45 before dipping to $28.93 per share. Over 1.05M shares were traded in Friday’s trading session which was higher than the average volume of .968M that was measured over the last 30 days.

The current 50-day moving average of the stock is $24.85. Iconix has a market cap of $1.884 billion with a 17.43 price-to-earnings ratio. Iconix Brand Group Inc (NASDAQ:ICON) posted its quarterly earnings results last on 24 April. It has reported a quarterly Earnings Per Share of $0.52 and its revenue for the quarter was $105.00 million. The consensus estimate was $104.23 million. In the same quarter in the previous year, Iconix had posted an EPS of $0.42. The quarterly revenue of the company was up by 18.8% on a year over year basis and it has set its guidance for the 2013 fiscal year at $2.10-$2.20 EPS.


About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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