Dynamic Technology Lab Private Ltd Acquires New Shares 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 and Exchange Commission (SEC). The fund purchased 4,447 shares of the credit services provider's stock, valued at approximately $833,000.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in Federal Agricultural Mortgage in the first quarter worth about $849,000. SG Americas Securities LLC acquired a new position in shares of Federal Agricultural Mortgage during the first quarter valued at approximately $310,000. Ameriprise Financial Inc. acquired a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $357,000. GAMMA Investing LLC increased its stake in shares of Federal Agricultural Mortgage by 20,282.6% during the first quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock valued at $1,758,000 after acquiring an additional 9,330 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Federal Agricultural Mortgage during the first quarter valued at approximately $500,000. Institutional investors own 68.03% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 4,224 shares of Federal Agricultural Mortgage stock in a transaction on 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 $6,754,552.40. This trade represents a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Zachary Carpenter sold 293 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total transaction of $60,091.37. Following the sale, the executive vice president directly owned 10,532 shares of the company's stock, valued at $2,160,007.88. This trade represents a 2.71% 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 valued at $1,240,807. Company insiders own 2.20% of the company's stock.

Federal Agricultural Mortgage Price Performance

NYSE:AGM traded down $0.96 during trading hours on Friday, reaching $196.84. 76,511 shares of the company's stock were exchanged, compared to its average volume of 70,441. The company has a market capitalization of $2.15 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.01. Federal Agricultural Mortgage Corporation has a 12 month low of $159.64 and a 12 month high of $217.14. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95. The business's 50-day simple moving average is $188.66 and its two-hundred day simple moving average is $187.58.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued 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. The firm had revenue of $100.51 million during the quarter, compared to analysts' expectations of $96.54 million. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. Sell-side analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

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

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.