Entropy Technologies LP Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Entropy Technologies LP purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,654 shares of the real estate investment trust's stock, valued at approximately $361,000.

A number of other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of AGNC Investment by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock valued at $168,000 after purchasing an additional 970 shares during the period. Kovack Advisors Inc. increased its position in AGNC Investment by 0.5% during the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock worth $2,130,000 after acquiring an additional 1,186 shares during the period. CoreCap Advisors LLC increased its position in AGNC Investment by 34.8% during the fourth 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. IFP Advisors Inc increased its position in AGNC Investment by 24.2% during the first quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 1,261 shares during the period. Finally, HB Wealth Management LLC increased its position in AGNC Investment by 9.2% during the first quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 1,296 shares during the period. Institutional investors own 38.28% of the company's stock.

AGNC Investment Trading Down 0.5%

Shares of AGNC Investment stock opened at $9.61 on Friday. The firm has a market capitalization of $10.01 billion, a PE ratio of 28.27 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. The company's fifty day moving average price is $9.39 and its two-hundred day moving average price is $9.44. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly 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 business had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same period last year, the firm earned $0.53 EPS. On average, analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 15.0%. AGNC Investment's dividend payout ratio is presently 423.53%.

Insider Activity

In other news, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction dated Friday, July 25th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AGNC has been the topic of a number of research reports. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Royal Bank Of Canada dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jones Trading reaffirmed a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.58.

AGNC Investment 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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