KG&L Capital Management LLC Lowers Position in Great Ajax Corp (NYSE:AJX)

Share on StockTwits

KG&L Capital Management LLC cut its stake in Great Ajax Corp (NYSE:AJX) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 88,745 shares of the real estate investment trust’s stock after selling 2,514 shares during the quarter. Great Ajax comprises 1.2% of KG&L Capital Management LLC’s investment portfolio, making the stock its 17th largest position. KG&L Capital Management LLC’s holdings in Great Ajax were worth $1,375,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AJX. Zebra Capital Management LLC purchased a new stake in shares of Great Ajax in the second quarter worth approximately $141,000. Bessemer Group Inc. purchased a new stake in shares of Great Ajax in the second quarter worth approximately $162,000. Meeder Asset Management Inc. raised its stake in shares of Great Ajax by 641.1% in the second quarter. Meeder Asset Management Inc. now owns 13,103 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 11,335 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Great Ajax by 11.8% in the second quarter. Parametric Portfolio Associates LLC now owns 17,749 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Great Ajax in the second quarter valued at approximately $339,000. 74.29% of the stock is owned by hedge funds and other institutional investors.

AJX has been the subject of several recent analyst reports. Piper Jaffray Companies set a $15.00 target price on Great Ajax and gave the company a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research lowered Great Ajax from a “buy” rating to a “hold” rating in a report on Tuesday.

Shares of AJX stock traded up $0.09 during trading on Friday, hitting $15.59. The company’s stock had a trading volume of 15,378 shares, compared to its average volume of 208,065. The company has a market cap of $309.49 million, a PE ratio of 10.67 and a beta of 0.78. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average of $15.13 and a 200-day moving average of $14.09. Great Ajax Corp has a 52 week low of $11.56 and a 52 week high of $15.64.

Great Ajax (NYSE:AJX) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.09). The business had revenue of $20.70 million during the quarter, compared to the consensus estimate of $14.90 million. Great Ajax had a net margin of 51.93% and a return on equity of 8.05%. As a group, research analysts predict that Great Ajax Corp will post 1.59 EPS for the current year.

Great Ajax Company Profile

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Want to see what other hedge funds are holding AJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Ajax Corp (NYSE:AJX).

Institutional Ownership by Quarter for Great Ajax (NYSE:AJX)

Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.