AGNC Investment Corp. $AGNC Shares Bought by Oarsman Capital Inc.

by · The Cerbat Gem

Oarsman Capital Inc. grew its position in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 32.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,397 shares of the real estate investment trust’s stock after purchasing an additional 3,520 shares during the quarter. Oarsman Capital Inc.’s holdings in AGNC Investment were worth $132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Red Tortoise LLC raised its holdings in shares of AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 2,185 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment in the 1st quarter valued at $28,000. Larson Financial Group LLC raised its holdings in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,519 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of AGNC Investment by 1,003.0% in the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,300 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of AGNC Investment in the 1st quarter valued at $34,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

AGNC Investment Trading Down 1.3%

NASDAQ AGNC opened at $10.06 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s fifty day moving average price is $10.00 and its 200 day moving average price is $9.45. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 15.01 and a beta of 1.32. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.63.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last issued its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.The business had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $466.39 million. During the same period in the previous year, the business posted $0.43 earnings per share. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a dividend of $0.12 per share. This represents a yield of 1,417.0%. The ex-dividend date of this dividend is Friday, October 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AGNC shares. Royal Bank Of Canada raised their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Piper Sandler raised their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods increased their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Jones Trading reaffirmed a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a research report on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.18.

Get Our Latest Stock Analysis on AGNC

About AGNC Investment

(Free Report)

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).

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