Pekin Hardy Strauss Inc. Has $9.87 Million Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Pekin Hardy Strauss Inc. boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,030,123 shares of the real estate investment trust's stock after purchasing an additional 54,209 shares during the quarter. AGNC Investment accounts for approximately 1.2% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 12th biggest position. Pekin Hardy Strauss Inc. owned 0.11% of AGNC Investment worth $9,869,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Fourth Dimension Wealth LLC bought a new stake in shares of AGNC Investment in the 4th quarter valued at approximately $26,000. National Bank of Canada FI boosted its stake in shares of AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,832 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of AGNC Investment in the 1st quarter worth about $38,000. CoreCap Advisors LLC increased its position in shares of 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 purchasing an additional 1,229 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its holdings 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 valued at $46,000 after purchasing an additional 3,000 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Down 0.1%

NASDAQ:AGNC opened at $9.42 on Monday. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 23.54 and a beta of 1.28. 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's 50 day moving average price is $9.09 and its two-hundred day moving average price is $9.43.

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

AGNC Investment Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 15.5%. AGNC Investment's payout ratio is 360.00%.

Insiders Place Their Bets

In other AGNC Investment news, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president directly owned 447,841 shares in the company, valued at $4,044,004.23. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bernice Bell sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the sale, the executive vice president owned 374,019 shares in the company, valued at $3,321,288.72. This represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 over the last 90 days. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Argus restated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Finally, Jones Trading cut their price objective on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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).

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.