Brokerage firm Nomura Downgrades its rating on American Capital Agency Corp.(NASDAQ:AGNC). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Nomura was issued on Jul 8, 2016.
In a different note, On Jun 29, 2016, Bank of America said it Upgrades its rating on American Capital Agency Corp.. The shares have been rated ‘Neutral’ by the firm.
American Capital Agency Corp. (AGNC) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.21% at a volume of 21,16,641. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.27. The peak price level was also seen at $19.27 while the days lowest was $19.09. Finally the shares closed at $19.2. The 52-week high of the shares is $20.08 while the 52-week low is $15.69. According to the latest information available, the market cap of the company is $6,355 M.
American Capital Agency Corp.(AGNC) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.52.
Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Gary D Kain (Director, CEO, Pres. and CIO) sold 368,953 shares at $19.55 per share price.Also, On Jul 7, 2016, Bernice Bell (SVP and Chief Accounting Off.) sold 9,504 shares at $19.55 per share price.On Jul 7, 2016, Peter J Federico (EVP and CFO) sold 153,987 shares at $19.55 per share price, according to the Form-4 filing with the securities and exchange commission.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The Company’s income comes primarily from its investments in agency mortgage-backed securities (agency MBS). The Company’s investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) 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 a United States Government agency such as the Government National Mortgage Association (Ginnie Mae). It also invests in agency debenture securities issued by Freddie Mac Fannie Mae or the Federal Home Loan Bank and in other agency securities. The Company is externally managed by American Capital AGNC Management LLC an affiliate of American Capital Ltd.