AGNC Investment Corp. (NASDAQ:AGNC) Stock Position Raised by Paragon Capital Management Ltd

Paragon Capital Management Ltd raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 37.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,456 shares of the real estate investment trust’s stock after acquiring an additional 6,624 shares during the period. Paragon Capital Management Ltd’s holdings in AGNC Investment were worth $248,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in AGNC Investment during the 4th quarter worth $56,213,000. Marshall Wace LLP lifted its position in AGNC Investment by 8,663.1% in the 4th quarter. Marshall Wace LLP now owns 5,379,236 shares of the real estate investment trust’s stock valued at $55,675,000 after purchasing an additional 5,317,851 shares during the last quarter. Goldentree Asset Management LP bought a new stake in AGNC Investment in the 1st quarter valued at about $34,200,000. Millennium Management LLC boosted its stake in 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 valued at $67,345,000 after purchasing an additional 3,018,383 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in AGNC Investment by 3,353.8% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,766,137 shares of the real estate investment trust’s stock worth $27,855,000 after purchasing an additional 2,686,048 shares during the last quarter. 38.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Morris A. Davis purchased 4,772 shares of AGNC Investment stock in a transaction dated Thursday, July 27th. The stock was acquired at an average cost of $10.48 per share, with a total value of $50,010.56. Following the completion of the transaction, the director now directly owns 55,060 shares of the company’s stock, valued at $577,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $9.93, for a total transaction 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 SEC, which is available at this hyperlink. Also, Director Morris A. Davis acquired 4,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were purchased at an average price of $10.48 per share, with a total value of $50,010.56. Following the completion of the acquisition, the director now owns 55,060 shares of the company’s stock, valued at approximately $577,028.80. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Trading Down 0.2 %

Shares of AGNC traded down $0.02 during midday trading on Friday, hitting $10.07. The stock had a trading volume of 14,225,608 shares, compared to its average volume of 10,997,924. AGNC Investment Corp. has a fifty-two week low of $7.30 and a fifty-two week high of $12.25. The business has a 50-day simple moving average of $9.94 and a two-hundred day simple moving average of $9.87. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.10 billion, a P/E ratio of -38.73 and a beta of 1.23.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $342.01 million. AGNC Investment had a net margin of 1.96% and a return on equity of 29.59%. During the same period in the previous year, the company posted $0.83 EPS. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.4 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a sep 23 dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 29th will be paid a $0.12 dividend. This represents a yield of 14.3%. The ex-dividend date is Thursday, September 28th. AGNC Investment’s dividend payout ratio is currently -553.85%.

Wall Street Analysts Forecast Growth

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

AGNC Investment Company Profile

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).