Kestrel Investment Management Corp Sells 20,300 Shares of Axos Financial, Inc. (NYSE:AX)

Kestrel Investment Management Corp reduced its stake in shares of Axos Financial, Inc. (NYSE:AX) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,250 shares of the company’s stock after selling 20,300 shares during the quarter. Axos Financial comprises approximately 3.7% of Kestrel Investment Management Corp’s portfolio, making the stock its 9th largest holding. Kestrel Investment Management Corp owned about 0.17% of Axos Financial worth $5,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of AX. Carmel Capital Partners LLC acquired a new position in Axos Financial in the third quarter valued at $30,000. Avior Wealth Management LLC increased its stake in shares of Axos Financial by 102.5% during the third quarter. Avior Wealth Management LLC now owns 810 shares of the company’s stock worth $31,000 after acquiring an additional 410 shares during the period. Ronald Blue Trust Inc. increased its stake in shares of Axos Financial by 268.0% during the third quarter. Ronald Blue Trust Inc. now owns 942 shares of the company’s stock worth $37,000 after acquiring an additional 686 shares during the period. State of Wyoming increased its stake in shares of Axos Financial by 50.0% during the fourth quarter. State of Wyoming now owns 1,131 shares of the company’s stock worth $43,000 after acquiring an additional 377 shares during the period. Finally, Quarry LP increased its stake in shares of Axos Financial by 51.6% during the first quarter. Quarry LP now owns 1,252 shares of the company’s stock worth $46,000 after acquiring an additional 426 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total transaction of $79,830.36. Following the sale, the executive vice president now directly owns 427,535 shares in the company, valued at approximately $22,047,979.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Andrew J. Micheletti sold 1,548 shares of Axos Financial stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the transaction, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at $22,047,979.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sara Wardell-Smith acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of recent analyst reports. Wedbush boosted their price target on shares of Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Raymond James upped their target price on shares of Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th.

Axos Financial Stock Up 2.2 %

AX traded up $1.09 during trading hours on Friday, reaching $50.30. 637,765 shares of the stock traded hands, compared to its average volume of 555,342. The firm’s fifty day simple moving average is $51.52 and its two-hundred day simple moving average is $47.69. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 7.42 and a beta of 1.44. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $60.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The business had revenue of $352.74 million during the quarter, compared to analyst estimates of $247.43 million. During the same period last year, the business earned $1.38 EPS. The business’s revenue was up 54.5% on a year-over-year basis. As a group, analysts forecast that Axos Financial, Inc. will post 6.45 earnings per share for the current fiscal year.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.