Great Ajax Corp (AJX) was Initiated by Piper Jaffray to “Overweight”. Piper Jaffray advised their investors in a research report released on Jun 20, 2016.
Great Ajax Corp opened for trading at $13.4 and hit $13.58 on the upside on Friday, eventually ending the session at $13.58, with a gain of 1.42% or 0.19 points. The heightened volatility saw the trading volume jump to 1,73,603 shares. Company has a market cap of $217 M.
In a different news, on Jun 14, 2016, Lawrence Mendelsohn (CEO) purchased 18,000 shares at $13.25 per share price. According to the SEC, on Jun 14, 2016, Mary B Doyle (CFO) purchased 4,271 shares at $13.10 per share price. On Jun 14, 2016, Russell Schaub (PRESIDENT) purchased 7,547 shares at $13.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Great Ajax Corp. 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 to a lesser extent single-family properties. It also invests in loans secured by multi-family residential and commercial mixed use retail/residential properties as well as in the properties directly. The multi-family and commercial mixed-use properties have loan values of up to approximately $5 million. The Company is managed by Thetis Asset Management LLC. Thetis TRS is a wholly owned subsidiary of the Company’s operating partnership that owns its 19.8% equity interest in the Manager. As of December 31 2014 the Company’s 1340 loan portfolio consisted of 72.7% of re-performing loans and 27.3% of non-performing loans. The Company conducts its business through its operating partnership Great Ajax Operating Partnership L.P. and its subsidiaries.