Algert Global LLC Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Algert Global LLC bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,037 shares of the real estate investment trust’s stock, valued at approximately $668,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its stake in shares of AGNC Investment by 5.4% in the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,059 shares in the last quarter. Highlander Capital Management LLC lifted its holdings in AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 1,200 shares in the last quarter. Oak Thistle LLC increased its stake in shares of AGNC Investment by 4.9% in the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 1,251 shares during the period. Finally, Evergreen Capital Management LLC raised its position in shares of AGNC Investment by 15.2% during the second quarter. Evergreen Capital Management LLC now owns 11,830 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Price Performance

NASDAQ AGNC opened at $10.32 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 11.34 and a beta of 1.47. The business has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $9.88. AGNC Investment Corp. has a 52-week low of $6.81 and a 52-week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The firm’s revenue was up 52.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 13.95%. The ex-dividend date is Monday, September 30th. AGNC Investment’s dividend payout ratio is 158.24%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods upped their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Profile

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).