Maridea Wealth Management LLC Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Maridea Wealth Management LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 52,472 shares of the real estate investment trust’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Life Planners bought a new stake in AGNC Investment during the fourth quarter worth $28,000. Point72 Asset Management L.P. purchased a new position in shares of AGNC Investment in the 3rd quarter worth about $32,000. Spire Wealth Management grew its position in AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,972 shares during the period. Strategic Financial Concepts LLC grew its position in AGNC Investment by 775.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 515,148 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in AGNC Investment by 413.8% during the fourth quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 7,130 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.52 on Friday. AGNC Investment Corp. has a 52-week low of $8.92 and a 52-week high of $10.85. The stock’s 50-day simple moving average is $10.14 and its 200 day simple moving average is $9.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.81 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment’s payout ratio is 148.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AGNC shares. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

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).