Oak Thistle LLC Reduces Position in AGNC Investment Corp. (NASDAQ:AGNC)

Oak Thistle LLC trimmed its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 57.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,564 shares of the real estate investment trust’s stock after selling 34,454 shares during the period. Oak Thistle LLC’s holdings in AGNC Investment were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in AGNC Investment in the 4th quarter valued at about $38,593,000. Stifel Financial Corp boosted its position in AGNC Investment by 48.0% in the 3rd quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock valued at $4,262,000 after buying an additional 146,406 shares during the period. Norges Bank purchased a new stake in AGNC Investment in the 4th quarter valued at about $69,215,000. Creative Financial Designs Inc. ADV boosted its position in AGNC Investment by 13.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 26,238 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 3,013 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in AGNC Investment by 31.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 512,676 shares of the real estate investment trust’s stock valued at $4,901,000 after buying an additional 123,399 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AGNC shares. Janney Montgomery Scott started coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Jonestrading reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.88.

AGNC Investment Stock Down 0.6 %

Shares of NASDAQ AGNC traded down $0.06 during trading hours on Monday, hitting $9.48. 17,383,943 shares of the stock were exchanged, compared to its average volume of 11,617,436. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a market cap of $6.89 billion, a PE ratio of 10.42 and a beta of 1.48. The firm has a fifty day moving average price of $9.62 and a 200-day moving average price of $9.64. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same quarter in the prior year, the business posted $0.70 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.14 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a jun 24 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a yield of 14.8%. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the company’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 completion of the sale, the director now directly owns 75,545 shares in the company, valued at $706,345.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,900 shares of company stock worth $149,030. 0.43% of the stock is owned by corporate insiders.

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).