Raffles Associates LP Has $143,000 Stake in Great Ajax Corp. (NYSE:AJX)

Raffles Associates LP lessened its stake in shares of Great Ajax Corp. (NYSE:AJX) by 19.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,119 shares of the real estate investment trust’s stock after selling 9,881 shares during the period. Raffles Associates LP owned 0.10% of Great Ajax worth $143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AJX. Sei Investments Co. increased its holdings in Great Ajax by 16.6% during the 2nd quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 3,800 shares in the last quarter. Renaissance Technologies LLC bought a new position in Great Ajax during the 2nd quarter valued at $98,000. Jump Financial LLC bought a new position in Great Ajax during the 4th quarter valued at $115,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Great Ajax by 321.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 69,477 shares in the last quarter. Finally, Cannell Capital LLC purchased a new stake in shares of Great Ajax in the fourth quarter valued at about $1,716,000. 58.60% of the stock is owned by institutional investors.

Great Ajax Price Performance

AJX opened at $3.37 on Tuesday. The firm has a 50-day moving average of $3.46 and a 200 day moving average of $3.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. Great Ajax Corp. has a fifty-two week low of $3.10 and a fifty-two week high of $6.67. The firm has a market cap of $133.33 million, a P/E ratio of -0.84 and a beta of 1.90.

Great Ajax Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date was Thursday, August 15th. Great Ajax’s dividend payout ratio is currently -5.96%.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on shares of Great Ajax in a research report on Tuesday, September 10th. They set a “neutral” rating on the stock.

About Great Ajax

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.