Quantinno Capital Management LP lifted its position in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,328 shares of the real estate investment trust’s stock after purchasing an additional 74,226 shares during the period. Quantinno Capital Management LP’s holdings in AGNC Investment were worth $3,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth increased its holdings in AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of AGNC Investment during the 4th quarter worth about $33,000. National Bank of Canada FI grew its position in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,690 shares during the period. Finally, WealthCollab LLC acquired a new stake in shares of AGNC Investment during the 3rd quarter valued at about $33,000. 38.28% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at AGNC Investment
In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on AGNC Investment
AGNC Investment Trading Up 2.2%
Shares of AGNC Investment stock opened at $10.84 on Friday. AGNC Investment Corp. has a twelve month low of $9.31 and a twelve month high of $12.19. The firm has a market capitalization of $12.85 billion, a PE ratio of 5.71 and a beta of 1.32. The firm’s 50-day moving average price is $10.69 and its 200 day moving average price is $10.78.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned ($0.17) EPS. On average, sell-side analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. AGNC Investment’s payout ratio is currently 75.79%.
About AGNC Investment
AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.
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