Magnetar Financial Llc Sells 200,000 Shares of Great Ajax Corp. (NYSE:AJX) Stock

Great Ajax Corp. (NYSE:AJXGet Rating) major shareholder Magnetar Financial Llc sold 200,000 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $24.48, for a total value of $4,896,000.00. Following the transaction, the insider now directly owns 111,383 shares in the company, valued at approximately $2,726,655.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NYSE AJX opened at $9.62 on Friday. The company has a market cap of $223.03 million, a price-to-earnings ratio of 7.57 and a beta of 1.78. Great Ajax Corp. has a 12-month low of $8.68 and a 12-month high of $14.74. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.72. The stock’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $11.34.

Great Ajax (NYSE:AJXGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.21). Great Ajax had a net margin of 53.18% and a return on equity of 9.55%. During the same period in the prior year, the company posted $0.30 EPS. As a group, equities analysts forecast that Great Ajax Corp. will post 1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.81%. The ex-dividend date was Friday, May 13th. Great Ajax’s payout ratio is currently 81.89%.

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in Great Ajax by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,957,638 shares of the real estate investment trust’s stock valued at $53,389,000 after acquiring an additional 13,224 shares in the last quarter. State Street Corp raised its stake in Great Ajax by 67.7% during the 1st quarter. State Street Corp now owns 623,080 shares of the real estate investment trust’s stock valued at $7,309,000 after acquiring an additional 251,443 shares in the last quarter. Geode Capital Management LLC raised its stake in Great Ajax by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 370,154 shares of the real estate investment trust’s stock valued at $4,993,000 after acquiring an additional 7,274 shares in the last quarter. EMG Holdings L.P. increased its position in shares of Great Ajax by 0.7% during the 1st quarter. EMG Holdings L.P. now owns 324,367 shares of the real estate investment trust’s stock valued at $3,805,000 after purchasing an additional 2,310 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Great Ajax by 83.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 295,592 shares of the real estate investment trust’s stock valued at $3,467,000 after purchasing an additional 134,465 shares during the period. 80.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. JMP Securities reduced their target price on Great Ajax from $15.00 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 26th. Compass Point raised Great Ajax from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 17th. Finally, StockNews.com assumed coverage on Great Ajax in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

Great Ajax Company Profile (Get Rating)

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

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