Park Avenue Securities LLC Has $120,000 Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Park Avenue Securities LLC trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 45.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,162 shares of the real estate investment trust’s stock after selling 10,085 shares during the quarter. Park Avenue Securities LLC’s holdings in AGNC Investment were worth $120,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Alaska Permanent Fund Corp increased its position in AGNC Investment by 6.9% during the first quarter. Alaska Permanent Fund Corp now owns 259,472 shares of the real estate investment trust’s stock worth $2,569,000 after buying an additional 16,837 shares during the last quarter. Confluence Investment Management LLC acquired a new position in AGNC Investment during the first quarter worth $1,059,000. Quadrature Capital Ltd acquired a new position in AGNC Investment during the fourth quarter worth $1,670,000. PNC Financial Services Group Inc. increased its position in AGNC Investment by 43.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,021 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 6,369 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of AGNC Investment by 339.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 102,933 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Up 1.9 %

Shares of AGNC opened at $9.66 on Wednesday. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 10.62 and a beta of 1.48. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64. The company has a 50-day moving average price of $9.63 and a two-hundred day moving average price of $9.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter last year, the company earned $0.70 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 2.14 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be paid a $0.12 dividend. This represents a dividend yield of 14.8%. The ex-dividend date is Friday, June 28th. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insider Activity

In other news, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares in the company, valued at $1,051,173.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,900 shares of company stock worth $149,030. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Jonestrading decreased their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Janney Montgomery Scott assumed coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus price target of $9.88.

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).