Bruce G. Allen Investments LLC Boosts Position in AGNC Investment Corp. $AGNC

Bruce G. Allen Investments LLC boosted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 26.0% in the second quarter, Holdings Channel reports. The fund owned 6,556 shares of the real estate investment trust’s stock after purchasing an additional 1,353 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in AGNC Investment were worth $60,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in AGNC Investment by 96.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust’s stock valued at $1,014,000 after acquiring an additional 54,049 shares during the last quarter. KBC Group NV increased its position in AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 3,081 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in AGNC Investment by 14.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 2,465 shares during the period. Teacher Retirement System of Texas bought a new stake in AGNC Investment during the first quarter valued at about $1,240,000. Finally, Deutsche Bank AG grew its holdings in AGNC Investment by 11.8% during the fourth quarter. Deutsche Bank AG now owns 38,125 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 4,019 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.13 on Wednesday. The stock has a 50 day moving average of $9.69 and a 200 day moving average of $9.39. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The firm has a market cap of $10.55 billion, a PE ratio of 29.79 and a beta of 1.30. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. During the same period in the previous year, the company posted $0.53 earnings per share. On average, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a sep 25 dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 30th. This represents a yield of 1,408.0%. AGNC Investment’s dividend payout ratio is 423.53%.

Insider Buying and Selling

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the sale, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul E. Mullings sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AGNC. Jones Trading reissued a “buy” rating and set a $9.50 price target on shares of AGNC Investment in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Finally, UBS Group boosted their price target on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.63.

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).