Friedenthal Financial Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Friedenthal Financial purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 91,437 shares of the real estate investment trust’s stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGNC. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at $26,000. National Bank of Canada FI lifted its holdings in shares of AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,832 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,229 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of AGNC Investment by 150.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Front Row Advisors LLC lifted its holdings in shares of AGNC Investment by 75.0% during the fourth quarter. Front Row Advisors LLC now owns 7,000 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,000 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.26 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $9.46. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 23.15 and a beta of 1.29. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $436.71 million. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be given a $0.12 dividend. This represents a yield of 15.5%. The ex-dividend date of this dividend is Monday, June 30th. AGNC Investment’s payout ratio is 360.00%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Argus reaffirmed a “hold” rating on shares of AGNC Investment in a report on Tuesday, April 29th. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $10.25 to $9.50 and set an “outperform” rating for the company in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.75.

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).