Pacific Ridge Capital Partners LLC Has $2.41 Million Stock Position in Great Ajax Corp. (NYSE:AJX)

Pacific Ridge Capital Partners LLC lessened its position in shares of Great Ajax Corp. (NYSE:AJX) by 3.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 676,305 shares of the real estate investment trust’s stock after selling 23,094 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 1.71% of Great Ajax worth $2,414,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Great Ajax by 16.6% in the 2nd quarter. Sei Investments Co. now owns 26,641 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 3,800 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Great Ajax during the 2nd quarter worth about $98,000. Jacobs Levy Equity Management Inc. grew its holdings in Great Ajax by 321.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 69,477 shares during the period. Magnetar Financial LLC acquired a new position in shares of Great Ajax in the 1st quarter valued at about $35,501,000. Finally, Vanguard Group Inc. lifted its stake in shares of Great Ajax by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,217,207 shares of the real estate investment trust’s stock valued at $4,625,000 after purchasing an additional 114,046 shares during the period. Institutional investors own 58.60% of the company’s stock.

Great Ajax Price Performance

AJX stock opened at $3.36 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.58 and a quick ratio of 1.58. The company’s 50-day moving average is $3.43 and its 200-day moving average is $3.52. The stock has a market capitalization of $132.74 million, a PE ratio of -0.83 and a beta of 1.90. Great Ajax Corp. has a 1 year low of $3.10 and a 1 year high of $6.67.

Great Ajax Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 7.15%. Great Ajax’s dividend payout ratio (DPR) is presently -5.96%.

Analysts Set New Price Targets

Separately, BTIG Research began coverage on Great Ajax in a report on Tuesday, September 10th. They issued a “neutral” rating for the company.

Great Ajax Company Profile

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.