AlphaCore Capital LLC Purchases 32,651 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• AlphaCore Capital LLC increased its stake in AGNC Investment Corp. by 46.7% during the first quarter, acquiring an additional 32,651 shares, bringing its total holdings to 102,597 shares valued at approximately $995,000.
• AGNC Investment reported a Q2 EPS of $0.38, below analysts' expectations of $0.42, with revenues of $830 million, significantly surpassing the $447.37 million consensus estimate.
• The company declared a monthly dividend of $0.12, which offers a yield of 15.2%, with a high dividend payout ratio of 423.53%.

AlphaCore Capital LLC lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 46.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,597 shares of the real estate investment trust's stock after purchasing an additional 32,651 shares during the period. AlphaCore Capital LLC's holdings in AGNC Investment were worth $995,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the fourth quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the first quarter worth about $28,000. Larson Financial Group LLC increased its stake in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 2,519 shares during the period. National Bank of Canada FI increased its stake in AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 1,832 shares during the period. Finally, VSM Wealth Advisory LLC bought a new position in AGNC Investment during the first quarter valued at about $35,000. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lowered their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada lowered their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, AGNC Investment has an average rating of "Hold" and an average price target of $9.58.

AGNC Investment Price Performance

Shares of AGNC traded up $0.13 on Tuesday, hitting $9.46. The company's stock had a trading volume of 16,286,050 shares, compared to its average volume of 25,840,559. The company has a market capitalization of $9.85 billion, a PE ratio of 27.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The company has a 50 day moving average price of $9.36 and a 200 day moving average price of $9.44.

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

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 15.2%. AGNC Investment's payout ratio is presently 423.53%.

Insider Buying and Selling at AGNC Investment

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

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).