Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) Director Sells $50,760.00 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the sale, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

AGNC Investment Stock Up 0.1 %

Shares of NASDAQ:AGNC opened at $9.53 on Thursday. The firm has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $9.30. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $6.62 billion, a PE ratio of 10.47 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same period in the previous year, the business earned $0.70 EPS. As a group, research analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a may 24 dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 31st will be paid a $0.12 dividend. AGNC Investment’s dividend payout ratio is currently 158.24%.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently bought and sold shares of the business. Rogco LP acquired a new position in shares of AGNC Investment in the 1st quarter valued at about $148,000. Cozad Asset Management Inc. increased its stake in AGNC Investment by 6.0% in the 1st quarter. Cozad Asset Management Inc. now owns 141,778 shares of the real estate investment trust’s stock valued at $1,404,000 after buying an additional 8,027 shares during the period. Avantax Advisory Services Inc. increased its stake in AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,059 shares during the period. US Bancorp DE lifted its position in AGNC Investment by 26.3% in the 1st quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 13,041 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of AGNC Investment by 17.0% during the 1st quarter. Atomi Financial Group Inc. now owns 25,257 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 3,663 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on AGNC. Compass Point began coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Royal Bank of Canada lowered their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.79.

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).