Scott Ulm (Insider Trades), co-CEO and CIO of JAVELIN Mortgage Investment Corp. (JMI), bought 10,000 shares of the company on August 4, 2015. The average price per share was $7.36, for a total transaction of $73,600. JAVELIN Mortgage Investment Corp. invests in fixed rate and hybrid adjustable rate mortgage-backed securities. JMI’s market cap is 87.11 million.
There were only insider buys of the company from October 2012 to the beginning of August 2015. Ulm made eight transactions with JMI, all buys, totaling 52,500 shares of the company from November 2012 to August 2015. Ulm's earliest transaction with JMI has decreased in price by about 50% since then. Jeffrey Zimmer (Insider Trades), co-CEO and president of JMI, bought 12,500 shares of the company for an average price of $7.16 per share on July 15, 2015. The amount of insider transactions increased from 2012 to 2015, with the exception of an absence of insider trades with JAVELIN in 2014. The volume of JMI insider trades has decreased when comparing 2012 to 2015; the opposite is true for the number of JMI insider trades when comparing the same years. 
For more information about insider transactions with JMI, click here.
JAVELIN reported a net income of $17.229 million, or $1.44 per share for the second quarter of 2015; net income increased from a net loss of $8.776 million, or $0.73 per share in the second quarter of 2014. The company repurchased 80,913 shares of common stock at an average price of $7.57 per share during the second quarter of 2015. The company also issued 683 shares of common stock under its dividend reinvestment plant at an average price of $7.82 per share during the same quarter. JAVELIN is managed and advised by ARMOUR Capital Management LP, a SEC-registered investment advisor. JAVELIN announced a dividend of $0.09 per common share for the third quarter of 2015; dividend will be payable starting July 27, 2015 to shareholders of record as of July 15, 2015.
There was one guru transaction with JMI in the first quarter of 2015. Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies, reduced his stake in the company. Simons sold 25,660 shares of JMI at an average price of $9.06 per share, decreasing his holding in the company by 10.10%. Simons acquired 233,957 shares of JMI at an average price of $12.21 per share in the previous quarter. The estimated gain of this holding since Simon acquired it in the fourth quarter of 2013 is -22%. For more information about guru transactions with JMI, click here.
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