Guggenheim Capital LLC reduced its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 34.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,910 shares of the real estate investment trust’s stock after selling 72,886 shares during the period. Guggenheim Capital LLC’s holdings in AGNC Investment were worth $1,380,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in AGNC. Coppell Advisory Solutions Corp. acquired a new stake in shares of AGNC Investment during the fourth quarter valued at about $27,000. Huntington National Bank increased its position in shares of AGNC Investment by 313,200.0% during the fourth quarter. Huntington National Bank now owns 3,133 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 3,132 shares during the last quarter. Worth Asset Management LLC acquired a new stake in shares of AGNC Investment during the first quarter valued at about $35,000. Silicon Valley Capital Partners acquired a new stake in shares of AGNC Investment during the fourth quarter valued at about $36,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of AGNC Investment during the first quarter valued at about $36,000. 38.86% of the stock is currently owned by institutional investors and hedge funds.
AGNC Investment Trading Up 0.5 %
Shares of AGNC stock opened at $9.96 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.22 and a current ratio of 0.22. AGNC Investment Corp. has a fifty-two week low of $7.30 and a fifty-two week high of $12.25. The stock has a market capitalization of $6.04 billion, a P/E ratio of -38.31 and a beta of 1.23. The company has a 50 day moving average price of $9.97 and a 200 day moving average price of $9.98.
AGNC Investment Dividend Announcement
The firm also recently disclosed a aug 23 dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a dividend yield of 14.6%. AGNC Investment’s payout ratio is currently -553.85%.
Insider Transactions at AGNC Investment
In other AGNC Investment news, Director Morris A. Davis purchased 4,772 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of $10.48 per share, with a total value of $50,010.56. Following the completion of the acquisition, the director now directly owns 55,060 shares of the company’s stock, valued at approximately $577,028.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $9.93, for a total value of $49,650.00. Following the completion of the sale, the executive vice president now directly owns 258,947 shares of the company’s stock, valued at approximately $2,571,343.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Morris A. Davis bought 4,772 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of $10.48 per share, with a total value of $50,010.56. Following the completion of the transaction, the director now owns 55,060 shares in the company, valued at $577,028.80. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company’s stock.
Wall Street Analyst Weigh In
AGNC has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research report on Wednesday, July 26th. StockNews.com initiated coverage on shares of AGNC Investment in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $11.00 to $10.50 in a report on Monday, July 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus price target of $10.19.
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).
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