AGNC Investment (NASDAQ:AGNC) Shares Down 1.5% on Insider Selling

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price dropped 1.5% on Thursday following insider selling activity. The stock traded as low as $9.16 and last traded at $9.22. Approximately 4,983,955 shares traded hands during trading, a decline of 58% from the average daily volume of 11,734,414 shares. The stock had previously closed at $9.36.

Specifically, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now directly owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AGNC. Royal Bank of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Keefe, Bruyette & Woods lowered their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Barclays lifted their target price on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Finally, Compass Point began coverage on AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Stock Down 1.3 %

The stock has a 50 day moving average of $9.56 and a 200-day moving average of $9.26. The firm has a market capitalization of $6.42 billion, a P/E ratio of 10.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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 return on equity of 27.92% and a net margin of 32.12%. The business had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. During the same period in the previous year, the business posted $0.70 EPS. Research analysts predict that AGNC Investment Corp. will post 2.18 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGNC. HB Wealth Management LLC purchased a new position in AGNC Investment during the 3rd quarter valued at about $153,000. SG Americas Securities LLC grew its holdings in AGNC Investment by 136.4% during the 3rd quarter. SG Americas Securities LLC now owns 27,950 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 16,125 shares in the last quarter. KG&L Capital Management LLC grew its holdings in AGNC Investment by 67.1% during the 3rd quarter. KG&L Capital Management LLC now owns 65,970 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 26,485 shares in the last quarter. All Season Financial Advisors Inc. grew its holdings in AGNC Investment by 5.7% during the 3rd quarter. All Season Financial Advisors Inc. now owns 59,862 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 3,251 shares in the last quarter. Finally, Xponance Inc. grew its holdings in AGNC Investment by 71.9% during the 3rd quarter. Xponance Inc. now owns 34,191 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 14,304 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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).