Kovack Advisors Inc. Has $2.05 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

Kovack Advisors Inc. lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,194 shares of the real estate investment trust’s stock after buying an additional 39,816 shares during the period. Kovack Advisors Inc.’s holdings in AGNC Investment were worth $2,052,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bruce G. Allen Investments LLC acquired a new stake in AGNC Investment during the 4th quarter worth about $37,000. CENTRAL TRUST Co purchased a new position in AGNC Investment during the fourth quarter valued at approximately $46,000. Allworth Financial LP increased its stake in AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,096 shares during the period. Carmichael Hill & Associates Inc. lifted its position in AGNC Investment by 66.8% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 6,066 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 2,429 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of AGNC Investment by 110.8% during the 4th quarter. Private Trust Co. NA now owns 6,377 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 3,352 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Stock Performance

AGNC Investment stock traded up $0.09 on Friday, reaching $9.33. 13,136,160 shares of the stock were exchanged, compared to its average volume of 11,930,563. The stock has a market cap of $6.48 billion, a PE ratio of 10.25 and a beta of 1.45. The firm has a fifty day moving average price of $9.55 and a two-hundred day moving average price of $9.26. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same period in the previous year, the company earned $0.70 earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 2.18 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AGNC. Royal Bank of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Jonestrading reduced their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Barclays raised their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

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).