Eye Catching Stock: Invesco Mortgage Capital Inc. (NYSE:IVR)

Eye Catching Stock: Invesco Mortgage Capital Inc. (NYSE:IVR)

Invesco Mortgage Capital Inc. (NYSE:IVR) changed -3.91% to recent value of $15.72. The stock transacted 17369581 shares during most recent day however it has an average volume of 1015.97K shares. It spotted trading -5.67% off 52-week high price. On the other end, the stock has been noted 15.00% away from the low price over the last 52-weeks.

On Aug. 14, 2019, Invesco Mortgage Capital Inc. (NYSE:IVR) released that the public offering of 14 million shares of its common stock has priced at $15.86 per share, resulting in gross proceeds of $222.04 million, before deducting underwriting discounts and estimated offering expenses. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2.1 million shares of the Company’s common stock.  The offering is expected to close on August 16, 2019.

The Company expects to use the net proceeds from this offering to purchase assets within its target asset classes, subject to its investment guidelines and to the extent consistent with maintaining its REIT qualification, and for other general corporate purposes.

Morgan Stanley, Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, and J.P. Morgan are acting as joint book-running managers for the offering.

The Company is conducting the offering pursuant to an effective registration statement on Form S-3ASR dated February 27, 2019 (Commission File No. 333-229917). The offering is being made pursuant to the prospectus supplement and accompanying base prospectus that has been filed with the Securities and Exchange Commission (the SEC). Before you invest, you should read the prospectus supplement, prospectus and other documents the Company has filed with the SEC for more complete information about the Company and this offering. These documents are available for free on EDGAR on the SEC website at www.sec.gov. Copies of the final prospectus supplement, when available, and the accompanying prospectus may also be obtained by contacting:

IVR has a gross margin of 37.40% and an operating margin of 37.90% while its profit margin remained -17.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -137.50% for this year while earning per share for the next 5-years is expected to reach at 2.61%.

The company has 129.03M of outstanding shares and 128.41M shares were floated in the market.  The price moved ahead of -4.37% from the mean of 20 days, -3.51% from mean of 50 days SMA and performed -0.89% from mean of 200 days price. Company’s performance for the week was -3.68%, -4.38% for month and YTD performance remained 8.56%.

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Jeffery Knight

Jeffery Knight earned bachelor degree from College with a focus in Business Administration. He is the Senior Editor for Surveypaid.info and Financial section. He also holds an MBA from Michigan State University He has one daughter and one son. Jeffery joined the Surveypaid.info, after more than 15 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Address: 44069 Wayne Street, Dowagiac, Michigan (MI) 49047, USAPhone Number: 701-271-5710Email: Jeffery@surveypaid.info 

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