Miracle Mile Advisors LLC Takes $141,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

Miracle Mile Advisors LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,268 shares of the real estate investment trust’s stock, valued at approximately $141,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $30,000. Bruce G. Allen Investments LLC acquired a new stake in AGNC Investment in the 4th quarter valued at about $37,000. CENTRAL TRUST Co purchased a new position in AGNC Investment in the 4th quarter worth approximately $46,000. Allworth Financial LP boosted its holdings in shares of AGNC Investment by 76.5% during the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,096 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $55,000. 38.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold 15,900 shares of company stock worth $149,030 over the last three months. Company insiders own 0.52% of the company’s stock.

AGNC Investment Price Performance

AGNC Investment stock opened at $9.66 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 10.62 and a beta of 1.48. The company’s 50 day simple moving average is $9.63 and its 200-day simple moving average is $9.64. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, equities research analysts expect that AGNC Investment Corp. will post 2.14 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be given a $0.12 dividend. This represents a yield of 14.8%. The ex-dividend date is Friday, June 28th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AGNC shares. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective for the company. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, Jonestrading cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.88.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).