Bessemer Group Inc. Makes New Investment in Great Ajax Corp (NYSE:AJX)

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Bessemer Group Inc. acquired a new stake in shares of Great Ajax Corp (NYSE:AJX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,600 shares of the real estate investment trust’s stock, valued at approximately $162,000. Bessemer Group Inc. owned about 0.06% of Great Ajax at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC raised its position in Great Ajax by 14.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 351,918 shares of the real estate investment trust’s stock valued at $4,835,000 after acquiring an additional 43,102 shares in the last quarter. Acadian Asset Management LLC raised its position in Great Ajax by 5.3% during the first quarter. Acadian Asset Management LLC now owns 31,597 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 1,602 shares in the last quarter. KG&L Capital Management LLC raised its position in Great Ajax by 3.8% during the first quarter. KG&L Capital Management LLC now owns 100,155 shares of the real estate investment trust’s stock valued at $1,375,000 after acquiring an additional 3,630 shares in the last quarter. SG Americas Securities LLC raised its position in Great Ajax by 31.2% during the first quarter. SG Americas Securities LLC now owns 29,664 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 7,062 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Great Ajax by 559.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,362 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,852 shares in the last quarter. 73.14% of the stock is currently owned by institutional investors and hedge funds.

AJX has been the topic of a number of recent analyst reports. Piper Jaffray Companies set a $15.00 price target on shares of Great Ajax and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, August 9th.

Shares of NYSE AJX opened at $14.67 on Friday. The stock has a market cap of $291.28 million, a PE ratio of 10.74 and a beta of 0.81. The business has a fifty day moving average of $13.91 and a two-hundred day moving average of $13.59. Great Ajax Corp has a 52-week low of $11.56 and a 52-week high of $14.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.27 and a current ratio of 2.27.

Great Ajax (NYSE:AJX) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.09). Great Ajax had a net margin of 51.93% and a return on equity of 8.05%. The business had revenue of $20.70 million during the quarter, compared to the consensus estimate of $14.90 million. Analysts predict that Great Ajax Corp will post 1.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.28 annualized dividend and a yield of 8.73%. Great Ajax’s dividend payout ratio is currently 87.67%.

About Great Ajax

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

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Institutional Ownership by Quarter for Great Ajax (NYSE:AJX)

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