Bridgefront Capital LLC Makes New $108,000 Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Bridgefront Capital LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,749 shares of the real estate investment trust’s stock, valued at approximately $108,000.

A number of other hedge funds have also modified their holdings of AGNC. Barclays PLC increased its position in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock worth $16,242,000 after buying an additional 71,330 shares in the last quarter. Franklin Resources Inc. increased its position in AGNC Investment by 35.8% during the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock worth $6,060,000 after purchasing an additional 154,029 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in AGNC Investment by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 59,963 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 3,899 shares in the last quarter. Graypoint LLC acquired a new stake in shares of AGNC Investment during the 4th quarter worth about $111,000. Finally, Brookstone Capital Management grew its holdings in shares of AGNC Investment by 47.2% during the fourth quarter. Brookstone Capital Management now owns 15,583 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 4,994 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the sale, the executive vice president now owns 374,019 shares in the company, valued at approximately $3,321,288.72. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the transaction, the executive vice president now owns 447,841 shares of the company’s stock, valued at $4,044,004.23. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 in the last ninety days. Insiders own 0.42% of the company’s stock.

AGNC Investment Stock Down 1.0 %

Shares of AGNC Investment stock opened at $8.79 on Friday. The company has a fifty day moving average price of $9.24 and a 200 day moving average price of $9.56. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 9.06 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same quarter last year, the firm earned $0.58 earnings per share. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 16.2%. AGNC Investment’s dividend payout ratio is currently 360.00%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of analyst reports. Jones Trading decreased their target price on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Royal Bank of Canada decreased their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Argus reissued a “hold” rating on shares of AGNC Investment in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $9.96.

AGNC Investment 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).