RK Capital Management LLC Buys New Stake in AGNC Investment Corp. (NASDAQ:AGNC)

RK Capital Management LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 390,500 shares of the real estate investment trust’s stock, valued at approximately $3,956,000. RK Capital Management LLC owned 0.06% of AGNC Investment as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. purchased a new stake in shares of AGNC Investment during the 4th quarter worth $27,000. Fiduciary Alliance LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter worth $31,000. Private Trust Co. NA lifted its position in shares of AGNC Investment by 49.4% during the 2nd quarter. Private Trust Co. NA now owns 3,025 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of AGNC Investment during the 1st quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of AGNC Investment by 128.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,015 shares during the last quarter. Hedge funds and other institutional investors own 38.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $9.93, for a total transaction of $49,650.00. Following the sale, the executive vice president now owns 258,947 shares of the company’s stock, valued at $2,571,343.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

AGNC has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $11.00 to $10.50 in a research report on Monday, July 24th. StockNews.com began coverage on shares of AGNC Investment in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Royal Bank of Canada reduced their price target on shares of AGNC Investment from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Barclays began coverage on shares of AGNC Investment in a research report on Wednesday, November 15th. They issued an “equal weight” rating and a $8.00 price target for the company. Finally, UBS Group raised shares of AGNC Investment from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.50 to $11.50 in a research report on Monday, September 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.21.

AGNC Investment Trading Up 0.2 %

NASDAQ AGNC opened at $8.79 on Tuesday. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $12.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s fifty day moving average is $8.78 and its two-hundred day moving average is $9.43. The firm has a market cap of $5.90 billion, a PE ratio of 23.70 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. AGNC Investment had a net margin of 17.39% and a return on equity of 28.72%. The business had revenue of $593.00 million for the quarter, compared to analyst estimates of $310.17 million. During the same period in the previous year, the business posted $0.84 earnings per share. Analysts expect that AGNC Investment Corp. will post 2.49 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a nov 23 dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be issued a dividend of $0.12 per share. This represents a yield of 17.1%. The ex-dividend date is Wednesday, November 29th. AGNC Investment’s dividend payout ratio is currently 389.19%.

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).