Spinnaker Investment Group LLC Buys New Shares in AGNC Investment Corp. $AGNC

Spinnaker Investment Group LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 71,038 shares of the real estate investment trust’s stock, valued at approximately $695,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of AGNC Investment by 7.2% during the 2nd quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,064 shares during the last quarter. Huntington National Bank grew its holdings in AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,199 shares during the period. MAI Capital Management increased its position in AGNC Investment by 1.8% during the second quarter. MAI Capital Management now owns 67,245 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 1,206 shares during the last quarter. CreativeOne Wealth LLC increased its position in AGNC Investment by 9.7% during the first quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,237 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of AGNC Investment by 8.8% in the first quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,256 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Trading Up 0.9%

AGNC stock opened at $10.66 on Friday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.74. The company has a market capitalization of $11.44 billion, a PE ratio of 15.91 and a beta of 1.36. The company’s 50-day simple moving average is $10.26 and its 200 day simple moving average is $9.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. During the same period in the prior year, the firm earned $0.43 EPS. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 13.5%. AGNC Investment’s dividend payout ratio is currently 214.93%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer owned 1,557,401 shares in the company, valued at $15,994,508.27. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AGNC. Royal Bank Of Canada boosted their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 15th. JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Piper Sandler increased their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.32.

AGNC Investment Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.