Grisanti Capital Management LLC Sells 14,480 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Grisanti Capital Management LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 79.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,790 shares of the real estate investment trust’s stock after selling 14,480 shares during the quarter. Grisanti Capital Management LLC’s holdings in AGNC Investment were worth $64,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of AGNC Investment by 149.3% in the 2nd quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 896 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of AGNC Investment by 276.9% in the 1st quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,152 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of AGNC Investment in the 2nd quarter valued at $30,000. Harvest Group Wealth Management LLC bought a new stake in shares of AGNC Investment in the 1st quarter valued at $49,000. Finally, Westside Investment Management Inc. bought a new stake in shares of AGNC Investment in the 2nd quarter valued at $50,000. 66.41% of the stock is currently owned by institutional investors.

In other AGNC Investment news, CEO Gary D. Kain acquired 7,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $17.01 per share, with a total value of $127,575.00. Following the completion of the purchase, the chief executive officer now owns 1,300 shares of the company’s stock, valued at $22,113. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary D. Kain acquired 97,802 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $17.73 per share, for a total transaction of $1,734,029.46. Following the completion of the purchase, the chief executive officer now directly owns 1,300 shares of the company’s stock, valued at approximately $23,049. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

AGNC has been the topic of several research analyst reports. UBS Group initiated coverage on shares of AGNC Investment in a research note on Friday, June 21st. They set a “neutral” rating and a $16.50 target price on the stock. TheStreet lowered shares of AGNC Investment from a “c” rating to a “d+” rating in a research note on Thursday, July 25th. BidaskClub lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday. Maxim Group reissued a “buy” rating and set a $18.00 target price on shares of AGNC Investment in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.17.

NASDAQ AGNC traded up $0.09 on Friday, hitting $16.23. 4,100,300 shares of the company were exchanged, compared to its average volume of 5,145,844. The company has a market cap of $8.89 billion, a PE ratio of 6.91, a PEG ratio of 2.69 and a beta of 0.23. AGNC Investment Corp. has a 12 month low of $16.03 and a 12 month high of $19.40. The stock has a fifty day moving average of $17.09 and a 200-day moving average of $17.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $289.69 million. During the same period in the prior year, the company earned $0.63 earnings per share. On average, analysts expect that AGNC Investment Corp. will post 2.01 earnings per share for the current year.

The firm also recently disclosed a aug 19 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be paid a $0.16 dividend. This represents a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 29th. AGNC Investment’s dividend payout ratio (DPR) is 81.70%.

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).

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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