Goldman Sachs Group Inc. Lowers Stake in AG Mortgage Investment (NYSE:MITT)

Goldman Sachs Group Inc. trimmed its stake in AG Mortgage Investment (NYSE:MITT) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,374 shares of the real estate investment trust’s stock after selling 9,860 shares during the period. Goldman Sachs Group Inc. owned approximately 0.71% of AG Mortgage Investment worth $3,790,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in AG Mortgage Investment by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 134,191 shares of the real estate investment trust’s stock valued at $2,582,000 after acquiring an additional 3,979 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of AG Mortgage Investment during the third quarter worth about $117,000. Ameriprise Financial Inc. grew its holdings in shares of AG Mortgage Investment by 19.1% during the third quarter. Ameriprise Financial Inc. now owns 72,780 shares of the real estate investment trust’s stock worth $1,402,000 after buying an additional 11,690 shares in the last quarter. Wells Fargo & Company MN grew its holdings in AG Mortgage Investment by 22.1% in the third quarter. Wells Fargo & Company MN now owns 46,497 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 8,412 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in AG Mortgage Investment by 5.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 134,089 shares of the real estate investment trust’s stock valued at $2,580,000 after purchasing an additional 7,330 shares during the period. Hedge funds and other institutional investors own 65.79% of the company’s stock.

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In other news, CFO Brian C. Sigman acquired 7,200 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of $17.09 per share, for a total transaction of $123,048.00. Following the completion of the acquisition, the chief financial officer now owns 38,500 shares of the company’s stock, valued at approximately $657,965. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.27% of the stock is owned by corporate insiders.

MITT stock opened at $17.36 on Wednesday. The stock has a market capitalization of $484.97, a P/E ratio of 9.10 and a beta of 0.70. AG Mortgage Investment has a fifty-two week low of $16.31 and a fifty-two week high of $19.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.21 and a quick ratio of 1.21.

AG Mortgage Investment (NYSE:MITT) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. AG Mortgage Investment had a net margin of 92.01% and a return on equity of 11.23%. The company had revenue of $22.67 million during the quarter, compared to the consensus estimate of $21.68 million. During the same period in the prior year, the company earned $0.57 EPS. AG Mortgage Investment’s revenue was down 2.4% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a $0.475 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.94%.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.25 price target on shares of AG Mortgage Investment in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.25.

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AG Mortgage Investment Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S.

Institutional Ownership by Quarter for AG Mortgage Investment (NYSE:MITT)

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