Great Ajax Corp. (NYSE:AJX) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its position in Great Ajax Corp. (NYSE:AJX) by 16.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,641 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the period. Sei Investments Co. owned 0.07% of Great Ajax worth $95,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AJX. Renaissance Technologies LLC acquired a new position in shares of Great Ajax during the second quarter worth about $98,000. Jacobs Levy Equity Management Inc. grew its position in shares of Great Ajax by 321.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 69,477 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Great Ajax by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,217,207 shares of the real estate investment trust’s stock worth $4,625,000 after buying an additional 114,046 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Great Ajax during the first quarter worth about $35,501,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Analyst Ratings Changes

Separately, BTIG Research initiated coverage on Great Ajax in a research note on Tuesday, September 10th. They issued a “neutral” rating for the company.

Great Ajax Stock Performance

Great Ajax stock opened at $3.14 on Friday. The stock’s 50-day moving average is $3.36 and its 200-day moving average is $3.49. The company has a market cap of $142.99 million, a price-to-earnings ratio of -0.82 and a beta of 1.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.58 and a quick ratio of 1.58. Great Ajax Corp. has a 12 month low of $2.98 and a 12 month high of $6.67.

Great Ajax Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 7.66%. Great Ajax’s dividend payout ratio (DPR) is presently -6.25%.

Great Ajax Company Profile

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.