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Cannon Global Investment Management LLC Has $1.20 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

AGNC Investment logo with Finance background

Cannon Global Investment Management LLC increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the real estate investment trust's stock after purchasing an additional 37,500 shares during the period. AGNC Investment makes up about 2.1% of Cannon Global Investment Management LLC's portfolio, making the stock its 6th biggest holding. Cannon Global Investment Management LLC's holdings in AGNC Investment were worth $1,198,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC bought a new position in AGNC Investment during the 4th quarter worth $26,000. National Bank of Canada FI increased its stake in AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 1,832 shares during the period. Rossby Financial LCC bought a new position in AGNC Investment during the 1st quarter worth $38,000. CoreCap Advisors LLC increased its stake in AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,229 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its stake in AGNC Investment by 150.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 3,000 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. Argus restated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Jones Trading lowered their price objective on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective 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, Wells Fargo & Company decreased their price target on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Check Out Our Latest Research Report on AGNC

AGNC Investment Price Performance

Shares of AGNC traded down $0.01 during midday trading on Friday, hitting $9.42. The company's stock had a trading volume of 17,472,449 shares, compared to its average volume of 22,147,800. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The company's fifty day simple moving average is $9.09 and its two-hundred day simple moving average is $9.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 23.54 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same quarter last year, the company posted $0.58 EPS. As a group, equities analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a jun 25 dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend is Monday, June 30th. AGNC Investment's dividend payout ratio (DPR) is 360.00%.

Insider Transactions at AGNC Investment

In related news, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $8.88, for a total transaction of $429,197.04. Following the sale, the chief executive officer owned 1,643,088 shares of the company's stock, valued at $14,590,621.44. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total value of $71,040.00. Following the transaction, the executive vice president directly owned 374,019 shares in the company, valued at $3,321,288.72. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,384 shares of company stock worth $1,228,039. Insiders own 0.42% of the company's stock.

AGNC Investment Profile

(Free Report)

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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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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