AGNC Investment Corp. $AGNC Stake Lifted by Norden Group LLC

Norden Group LLC boosted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 63.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 50,757 shares of the real estate investment trust’s stock after purchasing an additional 19,638 shares during the period. Norden Group LLC’s holdings in AGNC Investment were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AGNC. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment in the 1st quarter worth about $28,000. Larson Financial Group LLC boosted its stake in AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,519 shares during the period. AlphaQuest LLC bought a new position in AGNC Investment in the 1st quarter worth about $34,000. VSM Wealth Advisory LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at approximately $35,000. Finally, Rossby Financial LCC bought a new stake in shares of AGNC Investment during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director John D. Fisk sold 20,278 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director owned 112,685 shares of the company’s stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Trading Up 0.8%

Shares of AGNC stock opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The stock has a fifty day moving average of $9.78 and a two-hundred day moving average of $9.37. The firm has a market capitalization of $10.25 billion, a PE ratio of 28.94 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The firm had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same period in the prior year, the firm posted $0.53 EPS. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a $0.12 dividend. This represents a dividend yield of 1,408.0%. The ex-dividend date of this dividend is Tuesday, September 30th. AGNC Investment’s payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jones Trading reiterated a “buy” rating and set a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. UBS Group boosted their price target on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.63.

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).