Tower Research Capital LLC TRC Sells 32,302 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Tower Research Capital LLC TRC trimmed its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 71.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,705 shares of the real estate investment trust's stock after selling 32,302 shares during the period. Tower Research Capital LLC TRC's holdings in AGNC Investment were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AGNC. Transce3nd LLC bought a new position in AGNC Investment in the fourth quarter worth about $1,109,000. MetLife Investment Management LLC grew its position in shares of AGNC Investment by 10.5% in the 4th quarter. MetLife Investment Management LLC now owns 14,292 shares of the real estate investment trust's stock worth $132,000 after buying an additional 1,359 shares during the last quarter. First Trust Advisors LP raised its stake in shares of AGNC Investment by 24.2% during the 4th quarter. First Trust Advisors LP now owns 1,548,710 shares of the real estate investment trust's stock worth $14,264,000 after acquiring an additional 301,737 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in AGNC Investment by 150.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in AGNC Investment in the fourth quarter valued at approximately $639,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kenneth L. Pollack sold 17,500 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the sale, the executive vice president now owns 447,841 shares of the company's stock, valued at approximately $4,044,004.23. The trade was a 3.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the transaction, the director now directly owns 90,345 shares in the company, valued at approximately $783,291.15. The trade was a 16.01 % 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 valued at $1,228,039. 0.42% of the stock is owned by company insiders.

AGNC Investment Stock Up 1.9 %

AGNC Investment stock opened at $8.89 on Friday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.85. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 9.16 and a beta of 1.30. The business's 50-day moving average price is $9.27 and its 200 day moving average price is $9.57. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment's dividend payout ratio is presently 360.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their target price 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. Royal Bank of Canada decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.

About AGNC Investment

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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