Great Ajax Corp. (NYSE:AJX) Major Shareholder Magnetar Financial Llc Sells 200,000 Shares



Great Ajax Corp. (NYSE:AJX – Get Rating) major shareholder Magnetar Financial Llc sold 200,000 shares of Great Ajax stock in a transaction on Friday, June 17th. The shares were sold at an average price of $24.48, for a total value of $4,896,000.00. Following the sale, the insider now directly owns 111,383 shares of the company’s stock, valued at approximately $2,726,655.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NYSE:AJX opened at $9.62 on Friday. Great Ajax Corp. has a fifty-two week low of $8.68 and a fifty-two week high of $14.74. The business has a 50-day moving average of $9.82 and a two-hundred day moving average of $11.34. The stock has a market capitalization of $223.03 million, a P/E ratio of 7.57 and a beta of 1.78. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.19 and a quick ratio of 2.19.

Great Ajax (NYSE:AJX – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). Great Ajax had a return on equity of 9.55% and a net margin of 53.18%. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, research analysts expect that Great Ajax Corp. will post 1.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $1.04 annualized dividend and a dividend yield of 10.81%. Great Ajax’s dividend payout ratio is currently 81.89%.

A number of analysts recently issued reports on the company. JMP Securities reduced their objective price on Great Ajax from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 26th. StockNews.com assumed coverage on Great Ajax in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Compass Point raised Great Ajax from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, May 17th.

Several hedge funds have recently added to or reduced their stakes in AJX. Geode Capital Management LLC grew its stake in shares of Great Ajax by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 370,154 shares of the real estate investment trust’s stock valued at $4,993,000 after purchasing an additional 7,274 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Great Ajax in the 3rd quarter valued at approximately $181,000. Renaissance Technologies LLC grew its stake in shares of Great Ajax by 4.2% in the 3rd quarter. Renaissance Technologies LLC now owns 194,048 shares of the real estate investment trust’s stock valued at $2,618,000 after purchasing an additional 7,900 shares during the period. Voya Investment Management LLC acquired a new position in shares of Great Ajax in the 3rd quarter worth approximately $148,000. Finally, Metropolitan Life Insurance Co NY acquired a new position in shares of Great Ajax in the 3rd quarter worth approximately $80,000. Institutional investors own 80.85% of the company’s stock.

About Great Ajax (Get Rating)

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

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