Maridea Wealth Management LLC Invests $483,000 in AGNC Investment Corp. (NASDAQ:AGNC)

Maridea Wealth Management LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 52,472 shares of the real estate investment trust's stock, valued at approximately $483,000.

Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its position in AGNC Investment by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust's stock valued at $197,000 after acquiring an additional 1,075 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of AGNC Investment by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust's stock valued at $170,000 after purchasing an additional 1,150 shares during the period. Garden State Investment Advisory Services LLC grew its holdings in shares of AGNC Investment by 10.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 1,176 shares during the last quarter. D.A. Davidson & CO. increased its stake in AGNC Investment by 6.6% in the 4th quarter. D.A. Davidson & CO. now owns 23,517 shares of the real estate investment trust's stock worth $217,000 after buying an additional 1,449 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in AGNC Investment by 4.8% during the 4th quarter. Yousif Capital Management LLC now owns 33,854 shares of the real estate investment trust's stock valued at $312,000 after buying an additional 1,551 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated 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 directly owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

AGNC Investment Stock Down 0.6 %

Shares of AGNC traded down $0.06 during mid-day trading on Tuesday, hitting $9.53. 11,304,290 shares of the company traded hands, compared to its average volume of 16,708,460. The business has a 50 day moving average of $10.14 and a 200 day moving average of $9.91. The company has a market capitalization of $8.72 billion, a PE ratio of 9.82 and a beta of 1.50. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a yield of 14.1%. AGNC Investment's payout ratio is presently 148.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Finally, JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.50.

AGNC Investment Company 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).