Proficio Capital Partners LLC Acquires Shares of 24,102 AGNC Investment Corp. (NASDAQ:AGNC)

Proficio Capital Partners LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the fourth quarter, HoldingsChannel reports. The firm purchased 24,102 shares of the real estate investment trust’s stock, valued at approximately $222,000.

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

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.76 on Friday. 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 firm’s 50-day simple moving average is $10.14 and its 200 day simple moving average is $9.92. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 10.06 and a beta of 1.50. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85.

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

AGNC Investment Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment’s payout ratio is currently 148.45%.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred 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 directly owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

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).