Great Ajax Corp (NYSE:AJX) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 303,900 shares, a growth of 35.3% from the May 30th total of 224,600 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 76,900 shares, the short-interest ratio is presently 4.0 days.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in Great Ajax by 2.6% in the 4th quarter. Northern Trust Corp now owns 185,529 shares of the real estate investment trust’s stock valued at $2,235,000 after purchasing an additional 4,754 shares during the period. Shoals Capital Management LP acquired a new position in shares of Great Ajax in the 4th quarter valued at approximately $2,591,000. Rhumbline Advisers raised its position in shares of Great Ajax by 43.8% in the 4th quarter. Rhumbline Advisers now owns 22,654 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 6,898 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Great Ajax by 11.3% in the 4th quarter. New York State Common Retirement Fund now owns 14,800 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 1,500 shares in the last quarter. Finally, KG&L Capital Management LLC acquired a new position in shares of Great Ajax in the 4th quarter valued at approximately $1,161,000. 73.53% of the stock is owned by hedge funds and other institutional investors.
NYSE AJX opened at $13.75 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The company has a market cap of $260.77 million, a P/E ratio of 9.55 and a beta of 0.81. Great Ajax has a 12-month low of $11.56 and a 12-month high of $14.37. The firm has a 50-day simple moving average of $13.34.
Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). The business had revenue of $15.18 million during the quarter, compared to the consensus estimate of $15.48 million. Great Ajax had a net margin of 47.79% and a return on equity of 8.65%. As a group, research analysts forecast that Great Ajax will post 1.57 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday, July 8th.
Great Ajax Company Profile
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.
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