Dynamic Technology Lab Private Ltd Invests $833,000 in Federal Agricultural Mortgage Corporation $AGM

Key Points

• Dynamic Technology Lab Private Ltd acquired 4,447 shares of Federal Agricultural Mortgage Corporation, valued at approximately $833,000, in the first quarter, indicating increased institutional investment in the company.
• Federal Agricultural Mortgage is set to pay a quarterly $1.50 dividend on September 30th, reflecting an annualized dividend yield of 3.0% and a payout ratio of 35.34%.
• Shares of Federal Agricultural Mortgage have decreased 1.0% recently, with a current price of $203.27 and an average target price from analysts set at $217.00.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,447 shares of the credit services provider's stock, valued at approximately $833,000.

A number of other institutional investors have also bought and sold shares of AGM. Northern Trust Corp boosted its position in shares of Federal Agricultural Mortgage by 6.2% during the 4th quarter. Northern Trust Corp now owns 129,874 shares of the credit services provider's stock worth $25,579,000 after purchasing an additional 7,593 shares in the last quarter. Algert Global LLC bought a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth about $352,000. Ameriprise Financial Inc. bought a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth about $357,000. Balyasny Asset Management L.P. boosted its position in shares of Federal Agricultural Mortgage by 240.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 10,964 shares of the credit services provider's stock worth $2,159,000 after purchasing an additional 7,739 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Federal Agricultural Mortgage by 5.0% during the 4th quarter. Cetera Investment Advisers now owns 2,626 shares of the credit services provider's stock worth $517,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Down 0.5%

Shares of AGM traded down $0.96 on Friday, reaching $196.84. The company's stock had a trading volume of 76,511 shares, compared to its average volume of 69,072. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. Federal Agricultural Mortgage Corporation has a twelve month low of $159.64 and a twelve month high of $217.14. The stock has a market capitalization of $2.15 billion, a PE ratio of 11.59, a PEG ratio of 1.02 and a beta of 1.00. The firm has a fifty day moving average of $188.66 and a 200-day moving average of $187.37.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.29 by $0.03. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. The company had revenue of $100.51 million for the quarter, compared to analyst estimates of $96.54 million. Equities analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.50 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.00 annualized dividend and a yield of 3.0%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 35.34%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the stock a "market perform" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Federal Agricultural Mortgage currently has an average rating of "Hold" and a consensus price target of $217.00.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, insider Gregory Ramsey sold 1,500 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $206.71, for a total value of $310,065.00. Following the completion of the sale, the insider owned 3,085 shares in the company, valued at approximately $637,700.35. This trade represents a 32.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bradford T. Nordholm sold 4,224 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $206.12, for a total transaction of $870,650.88. Following the completion of the sale, the chief executive officer owned 32,770 shares of the company's stock, valued at approximately $6,754,552.40. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,017 shares of company stock worth $1,240,807. Insiders own 2.21% of the company's stock.

About Federal Agricultural Mortgage

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.