Exchange Traded Concepts LLC Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Exchange Traded Concepts LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 162,012 shares of the real estate investment trust's stock, valued at approximately $1,695,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AGNC. Perfromance Wealth Partners LLC bought a new stake in AGNC Investment during the third quarter valued at $114,000. Paragon Capital Management Ltd lifted its holdings in shares of AGNC Investment by 3.6% in the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock worth $321,000 after acquiring an additional 1,071 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of AGNC Investment by 11.2% during the third quarter. Fermata Advisors LLC now owns 45,461 shares of the real estate investment trust's stock valued at $476,000 after buying an additional 4,578 shares during the last quarter. LifePro Asset Management increased its stake in shares of AGNC Investment by 5.4% in the third quarter. LifePro Asset Management now owns 398,383 shares of the real estate investment trust's stock worth $4,167,000 after buying an additional 20,367 shares during the period. Finally, CWM LLC increased its position in shares of AGNC Investment by 20.3% in the third quarter. CWM LLC now owns 103,459 shares of the real estate investment trust's stock valued at $1,082,000 after acquiring an additional 17,429 shares during the period. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Performance

Shares of AGNC stock traded up $0.04 during trading hours on Wednesday, reaching $10.49. The company had a trading volume of 14,675,181 shares, compared to its average volume of 12,985,490. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The business has a fifty day moving average price of $10.28 and a 200-day moving average price of $9.91. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.85. The firm has a market cap of $7.63 billion, a PE ratio of 11.53 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company's revenue for the quarter was up 52.1% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment's payout ratio is 158.24%.

Analyst Upgrades and Downgrades

AGNC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Thursday, October 10th. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. Keefe, Bruyette & Woods upped their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Finally, JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company's stock.

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).