Mizuho Securities USA LLC Invests $7.72 Million in MTGE Investment Corp. (MTGE) Stock

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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.

MTGE Investment stock opened at $19.80 on Wednesday. The company has a market cap of $906.79 million, a price-to-earnings ratio of 9.66 and a beta of 0.14. MTGE Investment Corp. has a 52-week low of $16.15 and a 52-week high of $20.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 3.99.

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

Institutional Ownership by Quarter for MTGE Investment (NASDAQ:MTGE)

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