Fortitude Advisory Group L.L.C. Purchases 14,448 Shares of AGNC Investment Corp. $AGNC

Fortitude Advisory Group L.L.C. boosted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,991 shares of the real estate investment trust’s stock after acquiring an additional 14,448 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in AGNC Investment were worth $1,048,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the 1st quarter valued at about $28,000. Larson Financial Group LLC boosted its holdings in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 2,519 shares during the last quarter. Trust Co. of Vermont boosted its holdings in AGNC Investment by 1,003.0% during the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 3,300 shares during the last quarter. AlphaQuest LLC bought a new position in AGNC Investment during the first quarter worth about $34,000. Finally, VSM Wealth Advisory LLC bought a new position in AGNC Investment during the first quarter worth about $35,000. Institutional investors own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction dated 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 in the company, 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 SEC, which is accessible through this link. Also, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director owned 128,511 shares in the company, valued at $1,234,990.71. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC opened at $10.06 on Friday. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63. The business has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $9.36. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.48 billion, a PE ratio of 29.59 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (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 analyst estimates of $447.37 million. During the same period in the previous year, the company earned $0.53 EPS. Analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a sep 25 dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.12 dividend. This represents a dividend yield of 1,471.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment’s payout ratio is 423.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGNC Investment in a research report on Saturday, September 27th. Jones Trading reaffirmed a “buy” rating and set a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods raised 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. Finally, UBS Group raised 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. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus 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).