Proficio Capital Partners LLC Invests $222,000 in AGNC Investment Corp. (NASDAQ:AGNC)

Proficio Capital Partners LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,102 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AGNC. Janney Montgomery Scott LLC acquired a new position in shares of AGNC Investment during the third quarter worth about $2,025,000. QRG Capital Management Inc. boosted its holdings in AGNC Investment by 7.6% in the third quarter. QRG Capital Management Inc. now owns 33,068 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 2,332 shares in the last quarter. Atria Investments Inc boosted its holdings in AGNC Investment by 5.4% in the third quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,564 shares in the last quarter. Sigma Planning Corp boosted its holdings in AGNC Investment by 6.3% in the third quarter. Sigma Planning Corp now owns 121,769 shares of the real estate investment trust’s stock valued at $1,274,000 after purchasing an additional 7,222 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in AGNC Investment by 4.2% in the third quarter. Harbour Investments Inc. now owns 34,618 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 1,391 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Price Performance

AGNC Investment stock opened at $10.02 on Wednesday. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50 day simple moving average of $9.94 and a 200-day simple moving average of $9.93. The stock has a market capitalization of $9.17 billion, a PE ratio of 10.33 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a feb 25 dividend, which was paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is presently 148.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Insider Activity

In other news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

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).