Abel Hall LLC Invests $286,000 in AGNC Investment Corp. $AGNC

Key Points

• Abel Hall LLC has invested $286,000 in AGNC Investment Corp., acquiring 31,132 shares during the second quarter.
• Several institutional investors have also significantly adjusted their positions in AGNC, with Kingstone Capital Partners increasing their stake by an astonishing 241,567.4%.
• AGNC reported earnings of $0.38 per share for the latest quarter, missing the consensus estimate of $0.42, and announced a dividend of $0.12 per share to be paid on November 12th.

Abel Hall LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,132 shares of the real estate investment trust's stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGNC. Kingstone Capital Partners Texas LLC increased its position in shares of AGNC Investment by 241,567.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust's stock valued at $446,651,000 after purchasing an additional 46,368,867 shares during the period. Nuveen LLC acquired a new position in shares of AGNC Investment during the 1st quarter valued at $30,546,000. Vaughan Nelson Investment Management L.P. increased its position in shares of AGNC Investment by 18.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after purchasing an additional 2,589,020 shares during the period. Vanguard Group Inc. increased its position in shares of AGNC Investment by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock valued at $821,765,000 after purchasing an additional 2,462,337 shares during the period. Finally, Citigroup Inc. increased its position in shares of AGNC Investment by 496.7% during the 1st quarter. Citigroup Inc. now owns 1,487,202 shares of the real estate investment trust's stock valued at $14,247,000 after purchasing an additional 1,862,128 shares during the period. 38.28% of the stock is owned by institutional investors.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.16 on Thursday. The company's fifty day moving average is $9.84 and its two-hundred day moving average is $9.36. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.63. The company has a market cap of $10.58 billion, a P/E ratio of 29.88 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The firm had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same period last year, the firm earned $0.53 earnings per share. Equities analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.12 per share. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the sale, the director directly owned 112,685 shares of the company's stock, valued at $1,087,410.25. The trade was a 15.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on AGNC Investment from $10.00 to $10.50 and gave the company an "overweight" rating in a research report on Wednesday. Jones Trading reaffirmed a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of AGNC Investment in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, UBS Group upped their price target on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.75.

AGNC Investment Company 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).

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