AGNC funding director sells over $89k in firm inventory

May 15, 2024 | blog

AGNC Investment Corp. (NASDAQ:) director Donna Blank offered 9,223 shares of the corporate’s inventory on May 14, in accordance with the most recent SEC submitting. The shares have been offered at a value of $9.74 every, totaling roughly $89,832 within the transaction.

The current sale by Blank has adjusted her direct possession in the true property funding belief to 77,319 shares, which incorporates a further 740 dividend equal restricted inventory models. These models have been obtained as a part of beforehand granted restricted inventory unit awards and have been factored into the full shares owned following the transaction.

The sale by the director comes as a part of the common monetary disclosures required by firm insiders. AGNC Investment Corp., headquartered in Bethesda, Maryland, operates inside the true property sector, specializing in investments primarily in residential mortgage-backed securities.

For buyers following insider exercise, such transactions present a glimpse into the actions of firm executives and administrators, typically used as one in every of many indicators to evaluate the well being and prospects of an organization.

AGNC Investment Corp. has not launched any official assertion relating to the transaction, and the sale represents a routine monetary disclosure by a person director of the corporate.

InvestingPro Insights

AGNC Investment Corp. (NASDAQ:AGNC) has been a subject of dialogue amongst analysts, notably with the expectation of web revenue progress this 12 months. In truth, InvestingPro Tips spotlight that analysts will not be solely anticipating gross sales progress within the present 12 months however have additionally revised their earnings upwards for the upcoming interval. This optimism is underscored by a notable 237.72% income progress during the last twelve months as of Q1 2024, and an much more spectacular quarterly income progress of 462.02% in Q1 2024.

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With a market capitalization of $7.26 billion and a price-to-earnings (P/E) ratio of 10.19, AGNC presents itself as an organization with stable monetary metrics. The adjusted P/E ratio for the final twelve months as of Q1 2024 stands at 11.61, which signifies the corporateā€™s earnings relative to its share value. Investors may additionally discover the dividend yield of 14.75% notably enticing, particularly since AGNC has maintained dividend funds for 17 consecutive years, a testomony to its dedication to shareholder returns.

For these seeking to delve deeper into AGNC’s financials and future prospects, there are further InvestingPro Tips out there. Investors inquisitive about these insights can use coupon code PRONEWS24 to get a further 10% off a yearly or biyearly Pro and Pro+ subscription, offering entry to a complete set of information and analytics to tell their funding choices.

While the current sale by director Donna Blank could also be a part of routine monetary disclosures, the strong dividend yield and the corporate’s profitability during the last twelve months, as indicated by the InvestingPro Tips, counsel a steady monetary place. With 5 analysts having revised their earnings upwards and the prediction of profitability this 12 months, AGNC Investment Corp. could possibly be poised for additional progress, making these metrics notably related for buyers monitoring the corporate’s efficiency.

This article was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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