Jeffrey Zimmer of JAVELIN Mortgage Investment buys 12,500 shares of company stock

Jul 17, 2015

Jeffrey Zimmer (Insider Trades), co-CEO and president of JAVELIN Mortgage Investment Corp. (JMI), bought 12,500 shares of the company on July 15, 2015. The average per share price was $7.16, for a total transaction of $89,500. JMI invests in mortgage-backed securities, and is externally managed and advised by ARMOUR Capital Management LP. JMI's market cap is 85.82 million.

Zimmer made nine transactions with the company, all buys, since November 2012; seven of the nine were made in the first half of 2015. His earliest buy of JMI on November 16, 2012 decreased by about 50% since then. There have not been any insider sells of the company since October 2012. JMI Charmain of the Board Daniel Staton (Insider Trades) bought 10,000 shares of the company for an average price of $7.37 per share on June 12, 2015. The month end price for JMI decreased from $19.40 in October 2012, to $7.12 in July 2015, the lowest month end price during this period. This decrease in month-end price corresponds to an increase insider buys in both number and volume for the company. 14 of the 27 total insider buys of JMI since October 2012 were made in the first half of 2015 alone. For more information about insider transactions of JAVELIN Mortgage Investment Corp., click here.

Although net loss decreased since JMI was incorporated in June 2012, the company reported net loss of $6.2 million in the first quarter of 2015. JMI confirmed a $0.09 monthly dividend rate for the third quarter of 2015 on July 2, 2015. The company’s dividend decreased from $0.23 per share since March 2013.

Guru Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies LLC, reduced his position in the company in the first quarter of 2015. Simons sold 25,660 shares of JMI for an average price of $9.06 per share. This transaction reduced his stake in the company by 10.10%. For more information about guru transactions with JAVELIN Mortgage Investment Corp., click here.

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