Aubrey Capital Management Ltd Sells 72,000 Shares of AGNC Investment Corp. $AGNC

Aubrey Capital Management Ltd cut its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 54.5% during the first quarter, HoldingsChannel.com reports. The firm owned 60,000 shares of the real estate investment trust’s stock after selling 72,000 shares during the period. Aubrey Capital Management Ltd’s holdings in AGNC Investment were worth $602,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its stake in AGNC Investment by 6.7% during the 1st quarter. Sanctuary Advisors LLC now owns 79,887 shares of the real estate investment trust’s stock valued at $801,000 after purchasing an additional 5,020 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in AGNC Investment by 179.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 39,380 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 25,267 shares during the period. Archer Investment Corp boosted its position in AGNC Investment by 31.4% in the 1st quarter. Archer Investment Corp now owns 4,889 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,169 shares in the last quarter. NWF Advisory Services Inc. purchased a new stake in shares of AGNC Investment during the 1st quarter worth about $125,000. Finally, Avion Wealth boosted its stake in shares of AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,021 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the sale, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director directly owned 96,471 shares in the company, valued at $1,039,957.38. This represents a 18.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 215,234 shares of company stock valued at $2,364,022 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group boosted their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Piper Sandler lifted their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, AGNC Investment has a consensus rating of “Hold” and a consensus price target of $11.25.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $11.18 on Wednesday. The firm has a market capitalization of $12.83 billion, a PE ratio of 9.24 and a beta of 1.31. The firm’s 50-day moving average is $10.56 and its two-hundred day moving average is $10.81. AGNC Investment Corp. has a 1 year low of $9.11 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The business had revenue of ($114.00) million during the quarter, compared to analyst estimates of $411.57 million. Analysts expect that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.9%. AGNC Investment’s dividend payout ratio is 119.01%.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.