Infrastructure Capital Advisors LLC Acquires 58,593 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Posted by Defense World Staff on Sep 9th, 2023

Infrastructure Capital Advisors LLC boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 158.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,519 shares of the real estate investment trust’s stock after purchasing an additional 58,593 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in AGNC Investment were worth $963,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of AGNC Investment during the 4th quarter worth approximately $56,213,000. Marshall Wace LLP lifted its position in shares of AGNC Investment by 8,663.1% during the 4th quarter. Marshall Wace LLP now owns 5,379,236 shares of the real estate investment trust’s stock worth $55,675,000 after buying an additional 5,317,851 shares during the period. Goldentree Asset Management LP bought a new position in shares of AGNC Investment during the 1st quarter worth approximately $34,200,000. Millennium Management LLC lifted its position in shares of AGNC Investment by 86.5% during the 4th quarter. Millennium Management LLC now owns 6,506,730 shares of the real estate investment trust’s stock worth $67,345,000 after buying an additional 3,018,383 shares during the period. Finally, Jupiter Asset Management Ltd. increased its holdings in AGNC Investment by 3,353.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,766,137 shares of the real estate investment trust’s stock valued at $27,855,000 after purchasing an additional 2,686,048 shares in the last quarter. Institutional investors own 38.86% of the company’s stock.

AGNC Investment Stock Up 0.6 %

NASDAQ AGNC opened at $9.69 on Friday. The stock has a fifty day moving average of $9.93 and a 200-day moving average of $9.91. The stock has a market capitalization of $5.87 billion, a P/E ratio of -37.27 and a beta of 1.23. AGNC Investment Corp. has a 52 week low of $7.30 and a 52 week high of $12.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.22 and a current ratio of 0.22.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. AGNC Investment had a return on equity of 29.59% and a net margin of 1.96%. The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $342.01 million. During the same period last year, the firm earned $0.83 EPS. On average, equities research analysts forecast that AGNC Investment Corp. will post 2.4 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a aug 23 dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 31st will be given a $0.12 dividend. The ex-dividend date is Wednesday, August 30th. This represents a dividend yield of 14.6%. AGNC Investment’s dividend payout ratio is currently -553.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $11.00 to $10.50 in a report on Monday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a report on Wednesday, July 26th. Finally, StockNews.com assumed coverage on AGNC Investment in a report on Thursday, August 17th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.19.

View Our Latest Research Report on AGNC

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $9.93, for a total value of $49,650.00. Following the transaction, the executive vice president now directly owns 258,947 shares in the company, valued at approximately $2,571,343.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AGNC Investment news, Director Morris A. Davis bought 4,772 shares of AGNC Investment stock in a transaction on Thursday, July 27th. The shares were purchased at an average cost of $10.48 per share, for a total transaction of $50,010.56. Following the completion of the acquisition, the director now owns 55,060 shares in the company, valued at approximately $577,028.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $9.93, for a total value of $49,650.00. Following the transaction, the executive vice president now owns 258,947 shares in the company, valued at $2,571,343.71. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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).