Traders are more bullish of late if you pay attention to the decrease in short interest. The firm realized a fall in short interest between September 29, 2017 and October 13, 2017 of -17.71%. Short shares fell 46,041 over that period. The short-interest ratio decreased to 6.0 and the percentage of shorted shares was 0.01% on October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Covalent Partners LLC had sold 158,134 shares trimming its holdings by 14.1%. The value of the investment in Great Ajax Corp. decreased from $14,615,000 to $13,446,000 a change of 8.0% for the reporting period. Fj Capital Management LLC bolstered its position by buying 4,600 shares an increase of 36.2% as of 06/30/2017. Fj Capital Management LLC owns 17,300 shares with a value of $242,000. The total value of its holdings increased 45.8%.
State Treasurer State Of Michigan reduced its stake by shedding 30,000 shares a decrease of 3.2%. State Treasurer State Of Michigan currently owns 900,000 shares worth $12,681,000. The value of the position overall is down by 2.5%. First Trust Advisors Lp divested its investment by selling 823 shares a decrease of 6.3% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp now controls 12,344 shares valued at $174,000. The value of the position overall is down by 5.4%.
The company is so far trading up by 0.43% since yesterday’s close of $14.15. Great Ajax Corp. also announced a dividend for shareholders that was paid on Wednesday the 30th of August 2017. The dividend payment was $0.300 per share for the quarter which comes to $1.20 on an annualized basis. This dividend represents a yield of $8.41. The ex-dividend date was set for Friday the 11th of August 2017.
Company shares are trading at $14.15 which is just a bit below the 50 day moving average of $14.23 and a tad higher than the 200 day moving average of $14.06. The 50 day moving average went down $-0.08 or -0.59% and the 200 day average went up $0.09 or +0.67%.
The company currently has a P/E ratio of 9.01 and the market value is 249.38M. In the latest earnings report the EPS was $1.57 and is projected to be $1.78 for the current year with 17,624,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.46 with next year’s EPS anticipated to be $1.94.
Great Ajax Corp., launched on January 30, 2014, is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. The Business’s segment is focused on non-performing mortgages and re-performing mortgages. The Company also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties, as well as in the properties directly. The Company is managed by Thetis Asset Management LLC (Manager), an affiliated entity. Its mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity. The Company conducts its business through its operating partnership, Great Ajax Operating Partnership L.P., a Delaware limited partnership, and its subsidiaries. Thetis TRS is a subsidiary of the operating partnership that owns the equity interest in the Manager..