Federal Agricultural Mortgage (NYSE:AGM) Sees Strong Trading Volume - Time to Buy?

Shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) saw unusually-high trading volume on Monday . Approximately 43,321 shares traded hands during mid-day trading, a decline of 14% from the previous session's volume of 50,119 shares.The stock last traded at $193.23 and had previously closed at $192.19.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $215.00 price objective (down previously from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.

Federal Agricultural Mortgage Trading Up 0.2%

The stock has a market cap of $2.10 billion, a PE ratio of 11.70, a PEG ratio of 1.69 and a beta of 0.99. 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 stock has a fifty day moving average price of $180.21 and a 200 day moving average price of $192.63.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.19. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The firm had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. Equities analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, June 16th. Federal Agricultural Mortgage's payout ratio is currently 37.08%.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 350 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the transaction, the director now directly owns 1,751 shares of the company's stock, valued at approximately $336,647.26. The trade was a 16.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert G. Sexton bought 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost 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. This represents a 7.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Militia Capital Partners LP acquired a new position in Federal Agricultural Mortgage during the 1st quarter valued at about $2,813,000. Rhumbline Advisers increased its position in Federal Agricultural Mortgage by 2.7% during the 1st quarter. Rhumbline Advisers now owns 15,123 shares of the credit services provider's stock valued at $2,836,000 after buying an additional 398 shares in the last quarter. Ellsworth Advisors LLC grew its stake in Federal Agricultural Mortgage by 6.3% during the 1st quarter. Ellsworth Advisors LLC now owns 4,057 shares of the credit services provider's stock valued at $761,000 after purchasing an additional 240 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Federal Agricultural Mortgage during the 1st quarter valued at about $34,000. Finally, Intech Investment Management LLC grew its stake in Federal Agricultural Mortgage by 54.1% during the 1st quarter. Intech Investment Management LLC now owns 7,678 shares of the credit services provider's stock valued at $1,440,000 after purchasing an additional 2,694 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

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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