Angel Oak Capital Advisors LLC Buys New Shares in AGNC Investment Corp. (NASDAQ:AGNC)

Angel Oak Capital Advisors LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,500 shares of the real estate investment trust’s stock, valued at approximately $281,000. AGNC Investment makes up approximately 0.4% of Angel Oak Capital Advisors LLC’s portfolio, making the stock its 24th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of AGNC Investment in the 4th quarter worth $28,000. Point72 Asset Management L.P. bought a new position in shares of AGNC Investment in the third quarter valued at $32,000. Blue Trust Inc. grew its holdings in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares during the last quarter. Spire Wealth Management increased its position in shares of AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Huntington National Bank lifted its position in AGNC Investment by 105.7% in the 3rd quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 3,445 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AGNC. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Wells Fargo & Company lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods reduced their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.43 on Tuesday. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.24 billion, a P/E ratio of 10.75 and a beta of 1.48. The company has a 50 day moving average of $9.65 and a 200 day moving average of $9.89.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be paid a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s dividend payout ratio is currently 148.46%.

AGNC Investment 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).