Cannon Global Investment Management LLC Invests $1.57 Million in AGNC Investment Corp. (NASDAQ:AGNC)

Cannon Global Investment Management LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 150,000 shares of the real estate investment trust's stock, valued at approximately $1,569,000. AGNC Investment makes up approximately 2.5% of Cannon Global Investment Management LLC's holdings, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGNC. Riverview Trust Co bought a new position in AGNC Investment during the 3rd quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment during the 2nd quarter worth $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 1,255 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 2,966 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of AGNC Investment during the 1st quarter worth $38,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Price Performance

AGNC remained flat at $9.31 during trading on Friday. The company had a trading volume of 23,911,754 shares, compared to its average volume of 21,022,140. The stock has a market cap of $7.28 billion, a PE ratio of 6.47 and a beta of 1.47. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85. 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 firm's fifty day moving average price is $10.23 and its 200-day moving average price is $9.94.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 24.40%. During the same period in the previous year, the business posted $0.65 EPS. Research analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment's payout ratio is 100.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AGNC. JPMorgan Chase & Co. raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price objective on AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Royal Bank of Canada raised their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Compass Point increased their target price on AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.33.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was 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 owns 298,182 shares of the company's stock, valued at $3,002,692.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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).