Stock Traders Purchase Large Volume of Put Options on AGNC Investment (AGNC)
AGNC Investment Corp. (NASDAQ:AGNC) was the target of unusually large options trading activity on Wednesday. Traders bought 7,236 put options on the company. This is an increase of 1,888% compared to the typical daily volume of 364 put options.
A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. FNY Managed Accounts LLC acquired a new stake in AGNC Investment in the third quarter valued at $104,000. Chicago Partners Investment Group LLC raised its holdings in AGNC Investment by 227.8% in the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,100 shares in the last quarter. Victory Capital Management Inc. raised its holdings in AGNC Investment by 154.5% in the fourth quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 3,987 shares in the last quarter. National Pension Service acquired a new stake in AGNC Investment in the fourth quarter valued at $179,000. Finally, Dana Investment Advisors Inc. acquired a new stake in AGNC Investment in the third quarter valued at $214,000. 64.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AGNC Investment (NASDAQ:AGNC) opened at $18.48 on Monday. The stock has a market cap of $7,230.00, a price-to-earnings ratio of 9.43 and a beta of -0.01. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment has a twelve month low of $18.46 and a twelve month high of $22.34.
The business also recently declared a jan 18 dividend, which will be paid on Thursday, February 8th. Investors of record on Wednesday, January 31st will be issued a $0.18 dividend. The ex-dividend date is Tuesday, January 30th. This represents a yield of 11.09%. AGNC Investment’s dividend payout ratio is presently 110.20%.
A number of research analysts have recently commented on AGNC shares. Zacks Investment Research cut shares of AGNC Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Maxim Group reissued a “buy” rating and set a $21.25 target price on shares of AGNC Investment in a research report on Friday, October 27th. Wells Fargo & Co reissued a “market perform” rating and set a $19.00 target price on shares of AGNC Investment in a research report on Friday, December 1st. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Bank of America raised shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.63.
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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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