Great Ajax Corp. (NYSE:AJX) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC decreased its stake in Great Ajax Corp. (NYSE:AJX) by 55.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,134 shares of the real estate investment trust’s stock after selling 41,993 shares during the period. KG&L Capital Management LLC’s holdings in Great Ajax were worth $118,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AJX. Magnetar Financial LLC acquired a new position in Great Ajax during the 1st quarter worth approximately $35,501,000. EMG Holdings L.P. raised its stake in shares of Great Ajax by 608.3% during the fourth quarter. EMG Holdings L.P. now owns 1,940,649 shares of the real estate investment trust’s stock valued at $10,285,000 after purchasing an additional 1,666,666 shares during the period. Cannell Capital LLC acquired a new position in shares of Great Ajax during the fourth quarter worth $1,716,000. Pacific Ridge Capital Partners LLC lifted its position in shares of Great Ajax by 19.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 737,194 shares of the real estate investment trust’s stock worth $3,907,000 after purchasing an additional 119,283 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Great Ajax by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,217,207 shares of the real estate investment trust’s stock valued at $4,625,000 after purchasing an additional 114,046 shares during the period. Institutional investors and hedge funds own 58.60% of the company’s stock.

Great Ajax Stock Down 0.9 %

Great Ajax stock traded down $0.03 during midday trading on Thursday, hitting $3.34. 4,037 shares of the stock were exchanged, compared to its average volume of 138,075. Great Ajax Corp. has a 1 year low of $3.11 and a 1 year high of $6.81. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market cap of $132.14 million, a P/E ratio of -0.84 and a beta of 1.88. The company has a 50 day moving average price of $3.55 and a two-hundred day moving average price of $3.74.

Great Ajax Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date is Thursday, August 15th. Great Ajax’s payout ratio is -5.96%.

Great Ajax Profile

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.