In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cys Investments Inc. (NYSE:CYS) reported that International Value Advisers has picked up 233,400 of common stock as of 2017-05-09.
The acquisition brings the aggregate amount owned by International Value Advisers to a total of 233,400 representing less than 2.9% stake in the company.
For those not familiar with the company, CYS Investments, Inc. is a specialty finance company. The Company’s objective is to provide consistent returns to its investors through a combination of dividends and capital appreciation. It invests in agency residential mortgage-backed security (RMBS) collateralized by fixed rate single-family residential mortgage loans; adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period. In addition, it has investments in collateralized mortgage obligations issued by a government agency or government-sponsored entity (GSE) that are collateralized by Agency RMBS. Its investments consist of residential mortgage pass-through securities for which the principal and interest payments are guaranteed by a GSE, such as Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, or by the United States Government agency, such as Government National Mortgage Association.
A glance at Cys Investments Inc. (NYSE:CYS)’s key stats reveals a current market capitalization of 1.20 Billion based on 151.73 Million shares outstanding and a price at last close of $8.06 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-02-18, Hammond picked up 7,500 at a purchase price of $8.88. This brings their total holding to 21,948 as of the date of the filing.
On the sell side, the most recent transaction saw Grant unload 175,389 shares at a sale price of $8.47. This brings their total holding to 610,640.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cys Investments Inc. (NYSE:CYS) as things move forward to see if its progress aligns with these transactions.
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