Cane Capital Partners LLC Invests $537,000 in AGNC Investment Corp. $AGNC

Cane Capital Partners LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 50,134 shares of the real estate investment trust’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC increased its holdings in shares of AGNC Investment by 6.8% during the 4th quarter. New Wave Wealth Advisors LLC now owns 21,288 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 1,351 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of AGNC Investment during the 4th quarter worth $33,000. Sound Income Strategies LLC increased its holdings in shares of AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,048 shares during the last quarter. Sowell Financial Services LLC increased its holdings in shares of AGNC Investment by 49.7% during the 4th quarter. Sowell Financial Services LLC now owns 150,135 shares of the real estate investment trust’s stock worth $1,609,000 after buying an additional 49,865 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of AGNC Investment by 41.9% during the 4th quarter. Signaturefd LLC now owns 21,300 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 6,285 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Down 1.1%

Shares of AGNC Investment stock opened at $10.09 on Wednesday. The company has a fifty day moving average price of $10.82 and a 200 day moving average price of $10.61. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $12.19. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 7.21 and a beta of 1.38.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $354.75 million. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 14.3%. The ex-dividend date of this dividend is Tuesday, March 31st. AGNC Investment’s dividend payout ratio is 102.86%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AGNC shares. Wells Fargo & Company upped their price objective on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Royal Bank Of Canada upped their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Piper Sandler decreased their price target on shares of AGNC Investment from $12.50 to $10.50 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.91.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the transaction, the executive vice president directly owned 491,728 shares of the company’s stock, valued at $5,969,577.92. This represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth L. Pollack sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the transaction, the executive vice president directly owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. The trade was a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 775,000 shares of company stock valued at $9,246,000 in the last ninety days. Insiders own 0.40% of the company’s stock.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.