Ruffer LLP Makes New Investment in AGNC Investment Corp. $AGNC

Ruffer LLP acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,517 shares of the real estate investment trust’s stock, valued at approximately $499,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new position in AGNC Investment during the 4th quarter worth $26,000. Sound Income Strategies LLC increased its stake in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares during the period. Atlantic Union Bankshares Corp bought a new position in AGNC Investment during the 3rd quarter worth $29,000. Flagship Harbor Advisors LLC bought a new position in shares of AGNC Investment in the 4th quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of AGNC Investment by 110.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,708 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 25,000 shares of AGNC Investment stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. The trade was a 4.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 775,000 shares of company stock valued at $9,246,000. 0.40% of the stock is currently owned by company insiders.

AGNC Investment Stock Performance

Shares of AGNC opened at $10.91 on Thursday. AGNC Investment Corp. has a 52-week low of $8.52 and a 52-week high of $12.19. The business’s fifty day moving average is $10.63 and its 200-day moving average is $10.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 9.02 and a beta of 1.38.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a return on equity of 18.63% and a net margin of 39.50%. Equities analysts anticipate that AGNC Investment Corp. will post 1.48 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, May 11th. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s payout ratio is presently 102.86%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. BTIG Research lowered AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Piper Sandler decreased their price target on AGNC Investment from $12.50 to $10.50 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Finally, Barclays lifted their price target on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.03.

About AGNC Investment

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.