Covalent Partners buys $15,166,438 stake in Great Ajax Corp (AJX)

Great Ajax Corp (AJX) : Covalent Partners scooped up 71,500 additional shares in Great Ajax Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,110,281 shares of Great Ajax Corp which is valued at $15,166,438.Great Ajax Corp makes up approximately 5.20% of Covalent Partners’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc added AJX to its portfolio by purchasing 19,800 company shares during the most recent quarter which is valued at $270,468. Ubs Oconnor sold out all of its stake in AJX during the most recent quarter. The investment firm sold 53,597 shares of AJX which is valued $732,135.Vanguard Group Inc boosted its stake in AJX in the latest quarter, The investment management firm added 53,184 additional shares and now holds a total of 474,825 shares of Great Ajax Corp which is valued at $6,486,110. Clarivest Asset Management added AJX to its portfolio by purchasing 44,734 company shares during the most recent quarter which is valued at $619,566. Great Ajax Corp makes up approx 0.02% of Clarivest Asset Management’s portfolio.

Great Ajax Corp closed down -0.03 points or -0.22% at $13.68 with 36,273 shares getting traded on Thursday. Post opening the session at $13.69, the shares hit an intraday low of $13.46 and an intraday high of $13.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on Great Ajax Corp. Great Ajax Corp was Initiated by Piper Jaffray to “Overweight” on Jun 20, 2016.

Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and to a lesser extent single-family properties. It also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties as well as in the properties directly. The multi-family and commercial mixed-use properties have loan values of up to approximately $5 million. The Company is managed by Thetis Asset Management LLC. Thetis TRS is a wholly owned subsidiary of the Company’s operating partnership that owns its 19.8% equity interest in the Manager. As of December 31 2014 the Company’s 1340 loan portfolio consisted of 72.7% of re-performing loans and 27.3% of non-performing loans. The Company conducts its business through its operating partnership Great Ajax Operating Partnership L.P. and its subsidiaries.

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