ARMOUR Residential REIT, Inc (NYSE:ARR) has been adopting its own survival strategy. In a bid to reduce the company’s duration, it had been selling the company’s 30 year mortgage backed securities very aggressively. For mortgage REIT companies, the increasing interest rates still are a major concern. There is also a de-synching between liability and asset and that might end up increasing the liquidity-concerns for most companies. ARMOUR Residential REIT, Inc. (NYSE:ARR) stock opened at $4.31 in last session, and closed at $4.36, while the day range of stock is $4.27 – $4.37. The stock showed a positive weekly performance of 3.07%.
ION Geophysical Corporation (NYSE:IO) on Feb. 12 reported record quarterly revenues of $218.7 million for fourth quarter 2013, an increase of 26% from revenues of $173.1 million in fourth quarter 2012. Income from operations, also a quarterly record, was $64.2 million, compared to $24.9 million in fourth quarter 2012. Fourth quarter 2013 net income was $19.8 million, or $0.12 per diluted share, compared to net income of $26.8 million, or $0.17 per diluted share, in fourth quarter 2012.Ion Geophysical Corp (NYSE:IO) stock opened at $4.19, in last session and closed at $4.34, by gaining 5.08%. The 52 week range of the stock is $2.81 – $7.49. Company’s market capitalization is $708.75 million.
Green Plains Renewable Energy, Inc (NASDAQ:GPRE) a producer and distributor of ethanol in the U.S., could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. Green Plains Renewable Energy Inc. (NASDAQ:GPRE) stock advanced 5.48% and finished the last session at $25.79. The EPS of the stock remained 1.15. Company’s market capitalization is $786.80 million.
Anworth Mortgage Asset Corporation (NYSE:ANH) reported core earnings available to common stockholders of $9.7 million, or $0.07 per diluted share, for the fourth quarter ended December 31, 2013. Core earnings consisted of $11.1 million of net income less $1.4 million of dividends paid to our preferred stockholders. Anworth Mortgage Asset Corporation (NYSE:ANH) stock opened the session at $5.04, and closed the session at $5.05. The 52 week range of the stock remained $4.02 – $6.39 and the day range was $4.97 – $5.05.