Great Ajax Corp (AJX) : Fsi Group reduced its stake in Great Ajax Corp by 21.56% during the most recent quarter end. The investment management company now holds a total of 197,762 shares of Great Ajax Corp which is valued at $2,701,429 after selling 54,372 shares in Great Ajax Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Great Ajax Corp makes up approximately 1.58% of Fsi Group’s portfolio.
Other Hedge Funds, Including , Alliancebernstein boosted its stake in AJX in the latest quarter, The investment management firm added 195,241 additional shares and now holds a total of 1,051,333 shares of Great Ajax Corp which is valued at $14,361,209. Great Ajax Corp makes up approx 0.01% of Alliancebernstein’s portfolio.Blackrock Advisors boosted its stake in AJX in the latest quarter, The investment management firm added 2,376 additional shares and now holds a total of 3,749 shares of Great Ajax Corp which is valued at $51,211. Gsa Capital Partners Llp added AJX to its portfolio by purchasing 10,500 company shares during the most recent quarter which is valued at $147,105. Great Ajax Corp makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio. Acadian Asset Management added AJX to its portfolio by purchasing 6,791 company shares during the most recent quarter which is valued at $94,734.
Great Ajax Corp opened for trading at $13.34 and hit $13.65 on the upside on Tuesday, eventually ending the session at $13.47, with a gain of 0.97% or 0.13 points. The heightened volatility saw the trading volume jump to 49,265 shares. Company has a market cap of $250 M.
Many Wall Street Analysts have commented on Great Ajax Corp. Great Ajax Corp was Initiated by Piper Jaffray to “Overweight” on Jun 20, 2016.
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.