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Institutional Investors May Overlook Dynex Capital, Inc.'s (NYSE:DX) Recent US$52m Market Cap Drop as Long-term Gains Remain Positive

Institutional Investors May Overlook Dynex Capital, Inc.'s (NYSE:DX) Recent US$52m Market Cap Drop as Long-term Gains Remain Positive

机构投资者可能会忽略纽交所:DX近期市值下跌5,200万美元,因为长期利润仍然保持积极。
Simply Wall St ·  10/08 07:11

Key Insights

主要见解

  • Institutions' substantial holdings in Dynex Capital implies that they have significant influence over the company's share price
  • The top 25 shareholders own 46% of the company
  • Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
  • 机构在Dynex Capital中的大量持股意味着它们对公司股价具有重大影响
  • 前 25 名股东拥有该公司的 46%。
  • 所有权研究和分析师预测数据有助于更好地了解股票市场的机会。

If you want to know who really controls Dynex Capital, Inc. (NYSE:DX), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 53% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

如果您想知道谁真正控制着Dynex Capital, Inc. (纽交所:DX),那么您需要查看其股东登记册的组成。我们可以看到,机构拥有公司53%的所有权。也就是说,如果股票上涨(或者出现下跌),这个机构集团将获益最多(或者损失最多)。

No shareholder likes losing money on their investments, especially institutional investors who saw their holdings drop 5.4% in value last week. However, the 16% one-year return to shareholders might have softened the blow. But they would probably be wary of future losses.

没有股东喜欢在投资中亏钱,尤其是上周看到其持有的价值下降了5.4%的机构投资者。然而,股东们获得的16%年回报可能已经缓解了打击。但他们可能会对未来的损失感到警惕。

In the chart below, we zoom in on the different ownership groups of Dynex Capital.

在下方的图表中,我们将重点关注Dynex Capital的不同持股群体。

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NYSE:DX Ownership Breakdown October 8th 2024
纽交所:DX 2024年10月8日的所有权分布

What Does The Institutional Ownership Tell Us About Dynex Capital?

机构持股告诉我们有关Dynex Capital的什么信息?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

许多机构衡量其业绩的标准是一个近似于当地市场的指数。因此,他们通常更加关注包括在主要指数中的公司。

Dynex Capital already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Dynex Capital's earnings history below. Of course, the future is what really matters.

Dynex Capital的股东名册上已有机构。事实上,它们在公司拥有可观的股份。这表明受到专业投资者的一定信任。但我们不能仅仅依赖这一事实,因为机构有时也会做出糟糕的投资,就像每个人都会一样。如果多家机构同时改变对一只股票的看法,您可能会看到股价迅速下跌。因此,值得查看一下Dynex Capital下面的盈利历史。当然,未来才是真正重要的。

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NYSE:DX Earnings and Revenue Growth October 8th 2024
纽交所:DX 盈利和营业收入增长 2024年10月8日

Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Dynex Capital. The company's largest shareholder is BlackRock, Inc., with ownership of 8.8%. Meanwhile, the second and third largest shareholders, hold 5.3% and 3.7%, of the shares outstanding, respectively. Additionally, the company's CEO Byron Boston directly holds 0.6% of the total shares outstanding.

由于机构投资者拥有超过一半的已发行股份,董事会可能需要关注他们的偏好。我们注意到,对Dynex Capital来说,对冲基金并无实质性投资。该公司最大的股东是BlackRock,拥有8.8%的所有权。同时,第二和第三大股东分别持有已发行股份的5.3%和3.7%。此外,该公司首席执行官拜伦·波士顿直接持有已发行股份的0.6%。

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

我们的研究表明,前25大股东共控制了公司股份的不到一半,这意味着公司的股份广泛分散,没有主导股东。

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

虽然研究一个公司的机构持股数据是有意义的,但研究分析师预期增长也是有意义的,因为很多分析师都有关注这些股票,因此可以很容易地了解预期增长。

Insider Ownership Of Dynex Capital

Dynex Capital的内部股权所有权

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

公司内部人员的定义可能是主观的,并且在不同的司法管辖区之间是不同的。我们的数据反映了个别内部人员,至少捕捉到了董事会成员。公司管理业务,但首席执行官即使是董事会成员也必须向董事会负责。

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

当内部人持股情况表明领导层思考和公司真正所有者一样时,内部所有权是积极的。然而,高达内部人士所有权也可能为公司内的小团体带来巨大的权力。在某些情况下,这可能是负面的。

Our information suggests that Dynex Capital, Inc. insiders own under 1% of the company. It appears that the board holds about US$8.4m worth of stock. This compares to a market capitalization of US$912m. Many tend to prefer to see a board with bigger shareholdings. A good next step might be to take a look at this free summary of insider buying and selling.

我们的信息显示,Dynex Capital, Inc.内部人士拥有公司不到1%的股份。董事会持有价值约840万美元的股票。这与公司市值91200万美元相比较。许多人倾向于希望看到董事会持有更多股份。一个不错的下一步可能是查看内部人员买卖的免费摘要。

General Public Ownership

一般大众所有权

The general public-- including retail investors -- own 46% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

普通公众--包括散户投资者--拥有该公司的46%股份,因此不能被轻易忽视。尽管这种所有权规模可能不足以在他们的利益得到优先考虑的情况下影响政策决策,但他们仍然可以对公司政策产生集体影响。

Next Steps:

下一步:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Dynex Capital (including 2 which make us uncomfortable) .

尽管考虑到拥有公司的不同群体是值得的,但还有其他更重要的因素。为此,您应该了解我们在Dynex Capital发现的3个警示信号(包括2个让我们感到不舒服的信号)。

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

如果您希望了解分析师在未来增长方面的预测,请务必不要错过这份免费报告。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。

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