MTGE Investment (MTGE) Lowered to “Hold” at BidaskClub

BidaskClub cut shares of MTGE Investment (NASDAQ:MTGE) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Shares of NASDAQ:MTGE opened at $17.70 on Tuesday. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $812.91, a price-to-earnings ratio of 8.70 and a beta of 0.18. MTGE Investment has a twelve month low of $16.15 and a twelve month high of $20.00.

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MTGE Investment (NASDAQ:MTGE) last issued its earnings results on Monday, February 5th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $22.60 million during the quarter, compared to analyst estimates of $32.17 million. MTGE Investment had a net margin of 177.04% and a return on equity of 10.44%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 9th. Shareholders of record on Thursday, March 29th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 11.30%.

In other MTGE Investment news, SVP Christopher Kuehl sold 3,589 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $17.76, for a total transaction of $63,740.64. Following the completion of the transaction, the senior vice president now owns 91,150 shares in the company, valued at $1,618,824. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in MTGE. SG Americas Securities LLC purchased a new stake in shares of MTGE Investment in the third quarter worth about $171,000. HBK Investments L P purchased a new stake in shares of MTGE Investment in the fourth quarter worth about $202,000. Dean Capital Investments Management LLC purchased a new stake in shares of MTGE Investment in the fourth quarter worth about $206,000. AMP Capital Investors Ltd purchased a new stake in shares of MTGE Investment in the third quarter worth about $208,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of MTGE Investment in the fourth quarter worth about $277,000. 70.97% of the stock is currently owned by hedge funds and other institutional investors.

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MTGE Investment Company Profile

MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., is a real estate investment trust. The Company invests in, finances and manages a leveraged portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments.

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