Bridgeway Capital Management LLC Has $13.92 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Bridgeway Capital Management LLC lifted its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 70,678 shares of the credit services provider's stock after acquiring an additional 1,620 shares during the period. Bridgeway Capital Management LLC owned approximately 0.65% of Federal Agricultural Mortgage worth $13,920,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new stake in Federal Agricultural Mortgage during the fourth quarter valued at approximately $332,000. Captrust Financial Advisors raised its stake in Federal Agricultural Mortgage by 12.4% during the fourth quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider's stock worth $50,261,000 after acquiring an additional 28,215 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at $2,215,000. Balyasny Asset Management L.P. boosted its stake in shares of Federal Agricultural Mortgage by 240.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 10,964 shares of the credit services provider's stock valued at $2,159,000 after purchasing an additional 7,739 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Federal Agricultural Mortgage by 0.8% in the 4th quarter. Baird Financial Group Inc. now owns 17,872 shares of the credit services provider's stock worth $3,520,000 after purchasing an additional 135 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $176.99 on Tuesday. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. The firm has a market cap of $1.93 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.69 and a beta of 0.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The business's fifty day moving average is $184.32 and its two-hundred day moving average is $194.29.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.46. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The firm had revenue of $101.26 million during the quarter, compared to analysts' expectations of $92.81 million. During the same quarter last year, the company posted $4.10 EPS. Equities research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.50 dividend. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.47%.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert G. Sexton purchased 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the transaction, the director now directly owns 13,517 shares in the company, valued at $2,644,195.54. The trade was a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a "market perform" rating in a research report on Monday, February 24th.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.

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