Kingstone Capital Partners Texas LLC Buys 46,368,867 Shares of AGNC Investment Corp. $AGNC

Key Points

• Kingstone Capital Partners Texas LLC significantly increased its stake in AGNC Investment Corp. by acquiring an additional 46,368,867 shares, bringing its total ownership to 4.55% valued at approximately $446.65 million.
• AGNC has received positive analyst ratings, with Keefe, Bruyette & Woods raising the price target from $9.50 to $10.00, and a consensus rating of "Moderate Buy" among equities research analysts.
• The company announced a $0.12 per share dividend, which will be paid on October 9th, representing a remarkably high dividend yield of 1,408%.

Kingstone Capital Partners Texas LLC boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 241,567.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,388,062 shares of the real estate investment trust's stock after purchasing an additional 46,368,867 shares during the quarter. Kingstone Capital Partners Texas LLC owned approximately 4.55% of AGNC Investment worth $446,651,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in shares of AGNC Investment during the fourth quarter valued at $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment during the first quarter valued at $28,000. Larson Financial Group LLC boosted its holdings in shares of 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. AlphaQuest LLC acquired a new position in shares of AGNC Investment during the first quarter valued at $34,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of AGNC Investment during the first quarter valued at $35,000. Institutional investors and hedge funds own 38.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGNC shares. Jones Trading reissued a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their price target on shares of 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 boosted their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.63.

AGNC Investment Stock Up 1.1%

NASDAQ:AGNC traded up $0.11 on Tuesday, hitting $9.83. 10,256,616 shares of the company's stock traded hands, compared to its average volume of 24,734,881. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The firm has a 50-day moving average price of $9.73 and a 200-day moving average price of $9.37. The company has a market cap of $10.23 billion, a PE ratio of 28.90 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share 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 for the quarter, compared to analysts' expectations of $447.37 million. During the same period last year, the firm earned $0.53 EPS. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 1,408.0%. AGNC Investment's payout ratio is presently 423.53%.

Insider Activity at AGNC Investment

In related news, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares of the company's stock, 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. Insiders own 0.42% of the company's stock.

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).