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AJX

AJX - Great Ajax Corp Stock Price, Fair Value and News

4.94USD+0.16 (+3.35%)Delayed as of 21 Feb 2024, 12:19 pm ET
Watchlist

Market Summary

USD4.94+0.16
Delayedas of 21 Feb 2024, 12:19 pm
3.35%

AJX Stock Price

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AJX RSI Chart

AJX Valuation

Market Cap

131.3M

Price/Earnings (Trailing)

-4.28

Price/Sales (Trailing)

1.8

EV/EBITDA

-10.43

Price/Free Cashflow

-3.56

AJX Price/Sales (Trailing)

AJX Profitability

EBT Margin

-41.33%

Return on Equity

-9.59%

Return on Assets

-2.23%

Free Cashflow Yield

-28.09%

AJX Fundamentals

AJX Revenue

Revenue (TTM)

73.1M

Rev. Growth (Yr)

-10.7%

Rev. Growth (Qtr)

-2.51%

AJX Earnings

Earnings (TTM)

-30.7M

Earnings Growth (Yr)

41.42%

Earnings Growth (Qtr)

51.65%

Breaking Down AJX Revenue

52 Week Range

4.718.93
(Low)(High)

Last 7 days

2.6%

Last 30 days

-10.6%

Last 90 days

4.0%

Trailing 12 Months

-46.4%

How does AJX drawdown profile look like?

AJX Financial Health

Debt/Equity

0.32

Debt/Cashflow

-0.35

AJX Investor Care

Dividend Yield

19.25%

Dividend/Share (TTM)

0.92

Shares Dilution (1Y)

19.99%

Diluted EPS (TTM)

-1.4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202377.8M75.3M73.1M0
202292.6M90.4M87.4M82.6M
202195.5M95.4M94.9M93.4M
2020108.9M105.4M101.9M98.3M
2019109.2M110.3M111.4M112.4M
201895.6M99.8M104.0M108.2M
201700091.4M

Tracking the Latest Insider Buys and Sells of Great Ajax Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 08, 2023
ogren john kirk jr
acquired
17,498
6.72
2,604
-
May 08, 2023
friedman paul m
acquired
17,498
6.72
2,604
-
May 08, 2023
handley jonathan bradford jr
acquired
17,498
6.72
2,604
-
May 08, 2023
haggerty mary
acquired
17,498
6.72
2,604
-
May 08, 2023
condas john c
acquired
17,498
6.72
2,604
-
Mar 09, 2023
haggerty mary
acquired
53,249
7.48304
7,116
-
Mar 09, 2023
ogren john kirk jr
acquired
53,249
7.48304
7,116
-
Mar 09, 2023
friedman paul m
acquired
53,249
7.48304
7,116
-
Mar 09, 2023
condas john c
acquired
53,249
7.48304
7,116
-
Mar 09, 2023
handley jonathan bradford jr
acquired
53,249
7.48304
7,116
-

1–10 of 50

Which funds bought or sold AJX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
unchanged
-
-1,255
5,835
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
new
-
27,030
27,030
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-76,000
-
-%
Feb 15, 2024
BARCLAYS PLC
added
310
124,000
176,000
-%
Feb 15, 2024
JANE STREET GROUP, LLC
added
464
449,758
573,116
-%
Feb 14, 2024
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
added
37.07
347,973
3,065,170
0.01%
Feb 14, 2024
CITADEL ADVISORS LLC
added
73.11
12,845
43,094
-%
Feb 14, 2024
Royal Bank of Canada
reduced
-28.38
-41,000
59,000
-%
Feb 14, 2024
VANGUARD GROUP INC
added
1.7
-1,138,970
5,846,750
-%

1–10 of 46

Are Funds Buying or Selling AJX?

Are funds buying AJX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AJX
No. of Funds

Unveiling Great Ajax Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
almitas capital llc
9.98%
2,740,488
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Feb 09, 2024
beach point capital management lp
8.3%
2,273,799
SC 13G
Feb 09, 2024
beach point capital management lp
11.0%
3,015,355
SC 13G/A
Feb 08, 2024
bay pond partners, l.p.
8.87%
2,448,555
SC 13G/A
Feb 08, 2024
wellington management group llp
13.34%
3,695,499
SC 13G/A
Feb 08, 2024
ithan creek master investors (cayman), l.p.
2.58%
710,641
SC 13G/A
Jan 17, 2024
ellington management group llc
6.07%
0
SC 13G/A
Dec 06, 2023
blackrock inc.
4.6%
1,264,636
SC 13G/A
Oct 30, 2023
ellington management group llc
6.1%
1,666,666
SC 13G

Recent SEC filings of Great Ajax Corp

View All Filings
Date Filed Form Type Document
Feb 14, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
SC 13G
Major Ownership Report
Feb 08, 2024
SC 13G/A
Major Ownership Report
Feb 08, 2024
SC 13G/A
Major Ownership Report
Feb 08, 2024
SC 13G/A
Major Ownership Report
Jan 17, 2024
SC 13G/A
Major Ownership Report
Dec 06, 2023
SC 13G/A
Major Ownership Report

Peers (Alternatives to Great Ajax Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
87.8B
11.1B
-10.65% -13.65%
137.83
7.94
5.85% -77.77%
47.2B
7.1B
-3.98% -22.59%
30.44
6.68
2.84% -3.84%
25.0B
2.7B
-2.97% -1.75%
26.99
9.16
8.23% -24.62%
20.4B
2.9B
-5.52% -28.01%
197.11
7.08
11.46% -80.13%
12.4B
-
-3.69% 2.47%
27.94
9.79
9.71% 66.32%
10.4B
3.2B
-3.72% -7.14%
56.86
3.2
6.05% -80.01%
MID-CAP
11.2B
1.3B
-5.09% -7.40%
30.79
8.49
8.04% -24.50%
8.3B
1.1B
-2.41% -8.68%
34.81
7.29
5.38% -38.52%
3.7B
873.6M
9.75% 30.95%
-11.11
4.25
1.54% -294.39%
3.0B
674.9M
3.37% 28.11%
-6.28
4.4
9.26% -627.28%
SMALL-CAP
1.3B
419.4M
-7.04% -16.43%
20.71
3.14
-0.77% 17.90%
1.1B
339.3M
-2.17% -
-5.34
3.29
88.48% -170.63%
1.1B
578.6M
-5.97% -2.34%
-380.76
1.89
29.91% 98.52%
681.0M
242.8M
-10.18% -35.90%
-5.31
2.8
-1.99% -174.04%
418.7M
275.7M
-5.13% -36.77%
-63.47
1.52
55.27% 98.69%

Great Ajax Corp News

Latest updates
MarketBeat14 Feb 202406:29 am
InvestorsObserver07 Feb 202407:24 pm
MarketBeat29 Jan 202406:27 am
The Motley Fool7 months ago

Great Ajax Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-2.5%17,87918,34018,45618,44920,02120,90023,21223,24623,05423,04824,03524,76023,51723,17126,88827,30127,71528,12829,452--
Costs and Expenses-25.0%6,6548,8677,8587,4268,8429,7599,3669,6618,2058,3968,1797,9277,6137,3896,452--6,8576,992--
Operating Expenses------16.00-33.00185131-76.0088.00185209173188912--887786--
EBITDA Margin-37.3%-0.22*-0.16*0.04*0.33*0.60*0.84*1.02*1.06*1.09*1.04*0.97*0.85*---------
Interest Expenses-7.9%3,0413,3013,5313,9678,65211,72514,60614,24714,44514,21813,73113,92311,79010,11313,818--12,68913,767--
Income Taxes-155.2%-1001811001992,370259-26.0093.0010067.0034.00169-16.00100-300--38.00100--
Earnings Before Taxes50.2%-5,617-11,281-7,271-6,051-7,133-4,5225,6059,30910,79511,28610,67814,4928,8768,9381,1777,1078,25013,6648,1927,2697,579
EBT Margin2.0%-0.41*-0.42*-0.32*-0.15*0.04*0.23*0.40*0.45*0.50*0.48*0.45*0.34*---------
Net Income51.6%-5,542-11,462-7,364-6,344-9,461-4,7815,6319,04711,26211,17010,64211,8687,2308,8181,4966,6577,69113,0278,1216,5966,558
Net Income Margin8.7%-0.42*-0.46*-0.36*-0.18*0.00*0.23*0.40*0.45*0.47*0.43*0.40*0.30*---------
Free Cashflow-46.7%-10,018-6,831-16,805-2,9001,27813,269-11,343-3,489-------------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-2.2%1,3751,4061,4401,4841,5271,5851,6861,7601,6481,6761,6871,6541,6471,6401,5381,5771,5831,5901,5961,603
    Cash Equivalents58.5%64.0040.0049.0048.0073.0052.0071.0084.0095.0088.0013810713516331.0064.00-56.0042.0055.00
Liabilities-3.4%1,0521,0891,1071,1471,1751,1491,1981,2591,1451,1791,1771,1391,1401,1411,1811,1931,2121,2311,2501,269
  Long Term Debt0%104104103104104104104103104103108110-112111119---118
Shareholder's Equity1.1%320317333335351436487500503497510514506499357384-346337334
  Retained Earnings-62.9%-28.16-17.28-0.5413.0026.0049.0064.0066.0067.0063.0057.0053.00-45.0043.0049.00---41.00
  Additional Paid-In Capital4.5%341326325322317317316316316315315317-317317309---260
Shares Outstanding9.2%26.0024.0024.0023.0023.0023.0023.0023.0023.0023.0023.0023.00--------
Minority Interest-0.6%2.002.002.002.002.002.002.003.003.004.0022.0029.00-26.0025.0024.00---33.00
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-46.7%-10,018-6,831-16,805-2,9001,55513,546-11,066-3,2127,900-13,550-9,374-8,0024,17720,177-30,409---4,907-5,044--
Cashflow From Investing142.4%60,00024,75263,50612,41580,83260,81969,024-105,05043,926-11,93822,86310,018-42,83645,96811,015--118,121-5,593--
Cashflow From Financing2.3%-26,388-27,002-45,149-34,566-61,063-93,515-71,66297,311-44,581-23,95716,941-30,22810,42666,269-13,771---99,029-2,968--
  Dividend Payments---------6,8066,3265,7995,8785,8735,748---6,0987,021--
  Buy Backs-----64,18024,604-16.00-------------

AJX Income Statement

2023-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INCOME    
Interest income$ 17,879$ 20,021$ 54,675$ 64,133
Interest expense(14,838)(11,369)(44,802)(29,150)
Net interest income3,0418,6529,87334,983
Net (increase)/decrease in the net present value of expected credit losses(330)1,9353,1576,874
Net interest income after the impact of changes in the net present value of expected credit losses2,71110,58713,03041,857
Loss from investments in affiliates(628)(451)(991)(869)
Loss on joint venture refinancing on beneficial interests(1,215)0(11,024)(6,115)
Other income/(loss)185386(1,836)(612)
Total revenue/(loss), net1,05310,522(821)34,261
EXPENSE    
Related party expense – loan servicing fees1,8091,9525,4966,049
Related party expense – management fee1,9401,9485,7696,604
Professional fees6116672,5341,431
Fair value adjustment on put option liability5402,9174,0019,712
Other expense1,7541,3585,5794,171
Total expense6,6548,84223,37927,967
Acceleration of put option settlement08,813012,344
Loss/(gain) on debt extinguishment160(31)0
Loss before provision for income taxes(5,617)(7,133)(24,169)(6,050)
Provision for income taxes (benefit)(100)2,3701742,603
Consolidated net loss(5,517)(9,503)(24,343)(8,653)
Less: consolidated net income/(loss) attributable to the non-controlling interest25(42)7970
Consolidated net loss attributable to the Company(5,542)(9,461)(24,422)(8,723)
Less: dividends on preferred stock5471,0531,6424,927
Less: discount on retirement of preferred stock05,73508,194
Consolidated net loss attributable to common stockholders$ (6,089)$ (16,249)$ (26,064)$ (21,844)
Basic loss per common share (in dollars per share)$ (0.25)$ (0.71)$ (1.10)$ (0.95)
Diluted loss per common share (in dollars per share)$ (0.25)$ (0.71)$ (1.10)$ (0.95)
Weighted average shares - basic (in shares)24,001,70222,538,89123,395,72722,737,182
Weighted average shares - diluted (in shares)24,244,14722,833,46523,688,91823,014,197

AJX Balance Sheet

2023-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS  
Cash and cash equivalents$ 63,910$ 47,845
Mortgage loans held-for-investment, net[1],[2]939,080989,084
Real estate owned properties, net[3]4,0406,333
Investments in securities available-for-sale[4]131,037257,062
Investments in securities held-to-maturity[5]61,1890
Investments in beneficial interests[6]116,954134,552
Receivable from servicer9,6737,450
Investments in affiliates29,13230,185
Prepaid expenses and other assets19,51911,915
Total assets1,374,5341,484,426
Liabilities:  
Secured borrowings, net[2],[7]424,651467,205
Borrowings under repurchase transactions392,024445,855
Convertible senior notes, net[7]103,516104,256
Notes payable, net[7]106,629106,046
Management fee payable1,9381,720
Put option liability16,15512,153
Accrued expenses and other liabilities7,2709,726
Total liabilities1,052,1831,146,961
Commitments and contingencies – see Note 8
Equity:  
Common stock $0.01 par value; 125,000,000 shares authorized, 25,808,681 shares issued and outstanding at September 30, 2023 and 23,130,956 shares issued and outstanding at December 31, 2022268241
Additional paid-in capital340,861322,439
Treasury stock(9,557)(9,532)
Retained (deficit)/earnings(28,158)13,275
Accumulated other comprehensive loss(17,733)(25,649)
Equity attributable to stockholders320,235335,328
Non-controlling interests[8]2,1162,137
Total equity322,351337,465
Total liabilities and equity1,374,5341,484,426
7.25% Series A preferred stock  
Equity:  
Preferred stock $0.01 par value, 25,000,000 shares authorized9,4119,411
5.00% Series B preferred stock  
Equity:  
Preferred stock $0.01 par value, 25,000,000 shares authorized$ 25,143$ 25,143
[1]As of both September 30, 2023 and December 31, 2022, balances for Mortgage loans held-for-investment, net include $0.6 million from a 50.0% owned joint venture, which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP" or "GAAP").
[2]Mortgage loans held-for-investment, net include $638.4 million and $675.8 million of loans at September 30, 2023 and December 31, 2022, respectively, transferred to securitization trusts that are variable interest entities (“VIEs”); these loans can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that can only be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt. Mortgage loans held-for-investment, net include $7.4 million and $6.1 million of allowance for expected credit losses at September 30, 2023 and December 31, 2022, respectively.
[3]Real estate owned properties, net, are presented net of valuation allowances of $1.4 million and $0.7 million at September 30, 2023 and December 31, 2022, respectively.
[4]Investments in securities available-for-sale (“AFS”) are presented at fair value. As of September 30, 2023, Investments in securities AFS include an amortized cost basis of $142.0 million and a net unrealized loss of $11.0 million. As of December 31, 2022, Investments in securities AFS include an amortized cost basis of $282.7 million and net unrealized loss of $25.6 million.
[5]On January 1, 2023, the Company transferred certain of its investments in securities to held-to-maturity ("HTM") due to European risk retention regulations. As of September 30, 2023, Investments in securities HTM includes an allowance for expected credit losses of zero and remaining discount of $6.8 million related to the unamortized unrealized loss in AOCI.
[6]Investments in beneficial interests includes allowance for expected credit losses of zero at both September 30, 2023 and December 31, 2022.
[7]Secured borrowings, net are presented net of deferred issuance costs of $3.5 million at September 30, 2023 and $4.7 million at December 31, 2022. Convertible senior notes, net are presented net of deferred issuance costs of zero and $0.3 million at September 30, 2023 and December 31, 2022, respectively. Notes payable, net are presented net of deferred issuance costs and discount of $3.4 million at September 30, 2023 and $4.0 million at December 31, 2022.
[8]As of September 30, 2023, non-controlling interests includes $1.0 million from a 50.0% owned joint venture, $1.0 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates. As of December 31, 2022, non-controlling interests includes $1.0 million from a 50.0% owned joint venture, $1.1 million from a 53.1% owned subsidiary and $0.1 million from a 99.9% owned subsidiary which the Company consolidates.
AJX
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. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.
0
 CEO
 WEBSITEwww.greatajax.com

Great Ajax Corp Frequently Asked Questions


What is the ticker symbol for Great Ajax Corp? What does AJX stand for in stocks?

AJX is the stock ticker symbol of Great Ajax Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Great Ajax Corp (AJX)?

As of Tue Feb 20 2024, market cap of Great Ajax Corp is 131.3 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AJX stock?

You can check AJX's fair value in chart for subscribers.

What is the fair value of AJX stock?

You can check AJX's fair value in chart for subscribers. The fair value of Great Ajax Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Great Ajax Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AJX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Great Ajax Corp a good stock to buy?

The fair value guage provides a quick view whether AJX is over valued or under valued. Whether Great Ajax Corp is cheap or expensive depends on the assumptions which impact Great Ajax Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AJX.

What is Great Ajax Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Feb 20 2024, AJX's PE ratio (Price to Earnings) is -4.28 and Price to Sales (PS) ratio is 1.8. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AJX PE ratio will change depending on the future growth rate expectations of investors.