Fox Run Management L.L.C. Boosts Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Fox Run Management L.L.C. increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 102.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,143 shares of the real estate investment trust’s stock after buying an additional 16,245 shares during the quarter. Fox Run Management L.L.C.’s holdings in AGNC Investment were worth $296,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AGNC. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after purchasing an additional 242,640 shares during the period. Allspring Global Investments Holdings LLC raised its position in AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after buying an additional 424,990 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust’s stock valued at $67,690,000 after acquiring an additional 581,352 shares during the period. PL Capital Advisors LLC increased its stake in shares of AGNC Investment by 821.0% in the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust’s stock worth $50,332,000 after acquiring an additional 4,871,584 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of AGNC Investment by 13.4% during the fourth quarter. Victory Capital Management Inc. now owns 4,870,678 shares of the real estate investment trust’s stock worth $44,859,000 after purchasing an additional 575,292 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.76 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a fifty day moving average of $10.14 and a 200 day moving average of $9.92. The firm has a market cap of $8.93 billion, a PE ratio of 10.06 and a beta of 1.50. AGNC Investment Corp. has a one year low of $8.92 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 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%. As a group, research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

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

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Argus raised shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment 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).