Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) Director Sells 5,000 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the sale, the director now owns 75,545 shares in the company, valued at $706,345.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

AGNC Investment Trading Down 1.3 %

AGNC traded down $0.12 on Thursday, reaching $9.24. 18,824,721 shares of the company’s stock were exchanged, compared to its average volume of 11,893,065. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The company’s 50 day moving average is $9.56 and its 200-day moving average is $9.26. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 10.13 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same period last year, the company posted $0.70 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 2.18 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Verity & Verity LLC bought a new position in AGNC Investment during the 1st quarter worth $45,000. Bell Bank increased its holdings in AGNC Investment by 1.5% in the first quarter. Bell Bank now owns 564,106 shares of the real estate investment trust’s stock worth $5,585,000 after purchasing an additional 8,601 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of AGNC Investment by 12.3% during the first quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,238 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of AGNC Investment by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 51,788 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 2,274 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in AGNC Investment in the first quarter worth $617,000. 38.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent analyst reports. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Barclays boosted their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Royal Bank of Canada reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.79.

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).