Hollencrest Capital Management Buys Shares of 40,800 AGNC Investment Corp. (NASDAQ:AGNC)
Hollencrest Capital Management bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 40,800 shares of the real estate investment trust’s stock, valued at approximately $686,000.
Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of AGNC Investment by 276.9% in the first quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,152 shares during the period. Harvest Group Wealth Management LLC bought a new stake in shares of AGNC Investment in the first quarter valued at $49,000. Destination Wealth Management bought a new stake in shares of AGNC Investment in the first quarter valued at $57,000. Penserra Capital Management LLC purchased a new position in shares of AGNC Investment in the first quarter valued at $61,000. Finally, Private Capital Group LLC grew its position in shares of AGNC Investment by 59.4% in the first quarter. Private Capital Group LLC now owns 4,219 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,572 shares in the last quarter. Hedge funds and other institutional investors own 67.87% of the company’s stock.
Several equities analysts have recently weighed in on AGNC shares. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Maxim Group set a $17.00 price target on Habit Restaurants and gave the company a “buy” rating in a research report on Friday. TheStreet upgraded Worthington Industries from a “c+” rating to a “b-” rating in a research report on Thursday. BidaskClub cut Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of SAGE Therapeutics in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.17.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). AGNC Investment had a negative net margin of 62.31% and a positive return on equity of 11.52%. The company had revenue of $123.00 million during the quarter, compared to the consensus estimate of $289.69 million. During the same period last year, the firm posted $0.63 EPS. As a group, research analysts predict that AGNC Investment Corp. will post 1.98 earnings per share for the current fiscal year.
The business also recently announced a jul 19 dividend, which will be paid on Friday, August 9th. Stockholders of record on Wednesday, July 31st will be paid a $0.16 dividend. The ex-dividend date is Tuesday, July 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 81.70%.
In other AGNC Investment news, CEO Gary D. Kain purchased 97,802 shares of the stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $17.73 per share, with a total value of $1,734,029.46. Following the transaction, the chief executive officer now directly owns 1,300 shares of the company’s stock, valued at approximately $23,049. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Kain purchased 7,500 shares of the stock in a transaction on Friday, May 24th. The shares were acquired at an average cost of $17.01 per share, with a total value of $127,575.00. Following the transaction, the chief executive officer now directly owns 1,300 shares in the company, valued at $22,113. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
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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