Kovack Advisors Inc. Purchases 39,816 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Kovack Advisors Inc. lifted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 23.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 209,194 shares of the real estate investment trust’s stock after acquiring an additional 39,816 shares during the period. Kovack Advisors Inc.’s holdings in AGNC Investment were worth $2,052,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. bought a new position in AGNC Investment in the 4th quarter worth about $38,593,000. Clearbridge Investments LLC increased its holdings in AGNC Investment by 85.6% during the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock worth $68,924,000 after purchasing an additional 3,367,112 shares during the period. Dupree Financial Group LLC bought a new stake in AGNC Investment during the 4th quarter valued at $21,370,000. Artemis Investment Management LLP purchased a new stake in shares of AGNC Investment in the 4th quarter worth $10,648,000. Finally, Wellington Management Group LLP grew its position in shares of AGNC Investment by 1,401.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,112,977 shares of the real estate investment trust’s stock worth $10,507,000 after buying an additional 1,038,856 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Stock Up 1.0 %

Shares of AGNC Investment stock traded up $0.09 during trading on Friday, reaching $9.33. The company’s stock had a trading volume of 13,136,160 shares, compared to its average volume of 11,930,563. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.64. The company has a 50-day simple moving average of $9.55 and a two-hundred day simple moving average of $9.26. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 10.25 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.18 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment’s payout ratio is currently 158.24%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AGNC. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Compass Point initiated coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target for the company. Finally, Jonestrading decreased their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.79.

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).