Mizuho Securities USA LLC bought a new position in shares of MTGE Investment Corp. (NASDAQ:MTGE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 394,008 shares of the real estate investment trust’s stock, valued at approximately $7,723,000. MTGE Investment comprises approximately 0.8% of Mizuho Securities USA LLC’s holdings, making the stock its 26th largest position. Mizuho Securities USA LLC owned 0.86% of MTGE Investment as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Treasurer State of Michigan bought a new position in MTGE Investment during the first quarter worth $39,380,000. LSV Asset Management boosted its position in shares of MTGE Investment by 14.2% in the first quarter. LSV Asset Management now owns 1,219,915 shares of the real estate investment trust’s stock valued at $21,836,000 after acquiring an additional 151,800 shares during the period. Northern Trust Corp boosted its position in shares of MTGE Investment by 3.1% in the first quarter. Northern Trust Corp now owns 566,405 shares of the real estate investment trust’s stock valued at $10,139,000 after acquiring an additional 17,261 shares during the period. Prudential Financial Inc. lifted its position in MTGE Investment by 49.0% during the first quarter. Prudential Financial Inc. now owns 528,052 shares of the real estate investment trust’s stock worth $9,452,000 after purchasing an additional 173,600 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in MTGE Investment by 7.0% during the first quarter. Allianz Asset Management GmbH now owns 357,499 shares of the real estate investment trust’s stock worth $6,399,000 after purchasing an additional 23,517 shares during the period. Institutional investors and hedge funds own 68.31% of the company’s stock.
In other MTGE Investment news, CIO Christopher Kuehl sold 51,086 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $19.95, for a total transaction of $1,019,165.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on MTGE. BidaskClub cut shares of MTGE Investment from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Keefe, Bruyette & Woods cut shares of MTGE Investment from an “outperform” rating to a “market perform” rating in a research report on Monday, May 7th. Finally, Maxim Group downgraded MTGE Investment from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.00 to $19.75 in a research note on Friday, May 4th.
MTGE Investment Profile
MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., is a real estate investment trust. The Company invests in, finances and manages a leveraged portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments.
Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps
Receive News & Ratings for MTGE Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTGE Investment and related companies with MarketBeat.com's FREE daily email newsletter.