Insider Selling: AGNC Investment Corp. (NASDAQ:AGNC) Director Sells 5,400 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AGNC Investment Price Performance

NASDAQ:AGNC traded up $0.14 during mid-day trading on Monday, reaching $9.54. The stock had a trading volume of 9,006,079 shares, compared to its average volume of 11,887,267. The stock has a market capitalization of $6.63 billion, a P/E ratio of 10.42 and a beta of 1.45. The firm has a 50 day moving average price of $9.53 and a two-hundred day moving average price of $9.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations 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 earned $0.70 EPS. As a group, analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders 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 yield of 15.4%. AGNC Investment’s dividend payout ratio is 158.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jonestrading decreased their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Compass Point began coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Barclays increased their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AGNC. BI Asset Management Fondsmaeglerselskab A S bought a new stake in AGNC Investment in the 1st quarter worth about $53,000. Delphi Financial Group Inc. bought a new position in AGNC Investment during the first quarter valued at approximately $544,000. PL Capital Advisors LLC boosted its holdings in AGNC Investment by 3.6% in the first quarter. PL Capital Advisors LLC now owns 643,372 shares of the real estate investment trust’s stock worth $6,369,000 after purchasing an additional 22,600 shares during the last quarter. Janney Montgomery Scott LLC grew its position in AGNC Investment by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 154,175 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 18,289 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of AGNC Investment by 7.2% during the 1st quarter. BNP Paribas Financial Markets now owns 346,731 shares of the real estate investment trust’s stock valued at $3,433,000 after buying an additional 23,258 shares during the period. Hedge funds and other institutional investors own 38.28% 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).