Investors Purchase Large Volume of Call Options on AG Mortgage Investment Trust (NYSE:MITT)

AG Mortgage Investment Trust Inc (NYSE:MITT) was the target of some unusual options trading activity on Thursday. Investors purchased 2,264 call options on the stock. This is an increase of approximately 3,044% compared to the average volume of 72 call options.

NYSE:MITT traded up $1.59 during trading hours on Thursday, reaching $4.15. 13,849,124 shares of the company were exchanged, compared to its average volume of 770,454. The company has a debt-to-equity ratio of 6.00, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $70.08 million, a price-to-earnings ratio of 1.73 and a beta of 0.88. AG Mortgage Investment Trust has a 52-week low of $2.00 and a 52-week high of $17.53. The stock has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $14.85.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The company had revenue of $25.44 million for the quarter. AG Mortgage Investment Trust had a net margin of 51.14% and a return on equity of 12.57%.

In related news, CIO Thomas Durkin purchased 10,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $10.84 per share, with a total value of $108,400.00. Following the completion of the purchase, the executive now directly owns 65,166 shares in the company, valued at approximately $706,399.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David N. Roberts purchased 50,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $10.68 per share, for a total transaction of $534,000.00. Following the purchase, the chief executive officer now owns 350,549 shares of the company’s stock, valued at $3,743,863.32. The disclosure for this purchase can be found here. Corporate insiders own 1.37% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC raised its stake in AG Mortgage Investment Trust by 12.4% during the fourth quarter. Nuveen Asset Management LLC now owns 141,469 shares of the real estate investment trust’s stock worth $2,181,000 after purchasing an additional 15,560 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in AG Mortgage Investment Trust by 90.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,575 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 10,275 shares during the period. Geode Capital Management LLC raised its stake in AG Mortgage Investment Trust by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 451,003 shares of the real estate investment trust’s stock worth $6,954,000 after purchasing an additional 21,593 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in AG Mortgage Investment Trust by 75.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 43,940 shares of the real estate investment trust’s stock worth $678,000 after purchasing an additional 18,840 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of AG Mortgage Investment Trust by 16.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 52,462 shares of the real estate investment trust’s stock valued at $809,000 after acquiring an additional 7,474 shares during the period. 61.63% of the stock is currently owned by institutional investors.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.

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