Carnick & Kubik Group LLC Invests $2.51 Million in AGNC Investment Corp. (AGNC) Stock
Carnick & Kubik Group 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 124,400 shares of the real estate investment trust’s stock, valued at approximately $2,512,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FNY Managed Accounts LLC bought a new position in shares of AGNC Investment in the third quarter worth $104,000. Chicago Partners Investment Group LLC grew its stake in shares of 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 worth $128,000 after purchasing an additional 4,100 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of 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 worth $133,000 after purchasing an additional 3,987 shares in the last quarter. National Pension Service bought a new position in shares of AGNC Investment in the fourth quarter worth $179,000. Finally, Grisanti Capital Management LLC bought a new position in shares of AGNC Investment in the fourth quarter worth $192,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.
In related news, CFO Peter J. Federico sold 13,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.
AGNC Investment Corp. (NASDAQ AGNC) opened at $18.94 on Wednesday. AGNC Investment Corp. has a 52 week low of $17.94 and a 52 week high of $22.34. The firm has a market capitalization of $7,379.92, a PE ratio of 7.48 and a beta of -0.01. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 12.17% and a net margin of 86.72%. The business had revenue of $212.00 million during the quarter, compared to analysts’ expectations of $204.32 million. During the same quarter last year, the business posted $0.64 earnings per share. equities analysts forecast that AGNC Investment Corp. will post 2.41 EPS for the current fiscal year.
The company also recently announced a feb 18 dividend, which will be paid on Thursday, March 8th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, February 27th. AGNC Investment’s dividend payout ratio is currently 110.20%.
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AGNC Investment Company Profile
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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