Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) Director Sells 20,278 Shares of Stock

Key Points

• Director John D. Fisk of AGNC Investment Corp. sold 20,278 shares at an average price of $9.65, representing a 15.25% decrease in his holdings.
• AGNC reported a quarterly EPS of $0.38, missing estimates of $0.42, with a revenue of $830 million exceeding expectations of $447.37 million.
• The company announced a dividend of $0.12 per share with a yield of 15.2%, payable on August 11th following an ex-dividend date of July 31st.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) Director John D. Fisk sold 20,278 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. This trade represents a 15.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AGNC Investment Stock Up 0.6%

Shares of AGNC Investment stock traded up $0.06 on Tuesday, hitting $9.74. The company had a trading volume of 19,667,755 shares, compared to its average volume of 26,392,029. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 28.65 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The stock has a 50 day moving average of $9.24 and a 200-day moving average of $9.44.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.63%. The company had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Investors of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's payout ratio is currently 423.53%.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the company. Stephens Inc. AR increased its holdings in AGNC Investment by 5.4% during the second quarter. Stephens Inc. AR now owns 42,536 shares of the real estate investment trust's stock worth $391,000 after buying an additional 2,185 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of AGNC Investment by 155.8% during the 2nd quarter. International Assets Investment Management LLC now owns 328,061 shares of the real estate investment trust's stock valued at $3,115,000 after acquiring an additional 199,826 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $119,000. Cannon Global Investment Management LLC raised its holdings in shares of AGNC Investment by 28.0% in the 2nd quarter. Cannon Global Investment Management LLC now owns 160,000 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 35,000 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of AGNC Investment by 101.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 37,991 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 19,129 shares during the period. Institutional investors own 38.28% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on AGNC shares. JPMorgan Chase & Co. decreased their target price on shares of 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 target 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. 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 research note on Tuesday, May 6th. Finally, Jones Trading reiterated a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.58.

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).

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.