Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC decreased its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,834 shares of the credit services provider's stock after selling 2,471 shares during the quarter. Federal Agricultural Mortgage makes up 7.0% of Weybosset Research & Management LLC's investment portfolio, making the stock its 3rd biggest holding. Weybosset Research & Management LLC owned approximately 0.98% of Federal Agricultural Mortgage worth $20,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Global Alpha Capital Management Ltd. lifted its holdings in shares of Federal Agricultural Mortgage by 22.9% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock valued at $2,764,000 after purchasing an additional 2,611 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Federal Agricultural Mortgage during the 4th quarter worth approximately $2,289,000. Barclays PLC increased its position in Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after purchasing an additional 11,721 shares during the period. Principal Financial Group Inc. increased its position in Federal Agricultural Mortgage by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider's stock worth $65,777,000 after purchasing an additional 14,274 shares during the period. Finally, Wells Fargo & Company MN increased its position in Federal Agricultural Mortgage by 11.1% during the 4th quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider's stock worth $12,448,000 after purchasing an additional 6,317 shares during the period. Hedge funds and other institutional investors own 68.03% of the company's stock.

Federal Agricultural Mortgage Price Performance

Shares of AGM traded down $2.66 on Thursday, reaching $185.57. The stock had a trading volume of 277,661 shares, compared to its average volume of 47,699. The firm has a market capitalization of $2.03 billion, a PE ratio of 11.28, a PEG ratio of 1.69 and a beta of 0.97. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average of $180.16 and a 200 day moving average of $193.01. Federal Agricultural Mortgage Co. has a twelve month low of $159.64 and a twelve month high of $217.60.

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

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 37.08%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Sara Louise Faivre-Davis sold 350 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 1,751 shares of the company's stock, valued at approximately $336,647.26. This represents a 16.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert G. Sexton bought 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the purchase, the director now owns 13,517 shares in the company, valued at $2,644,195.54. This represents a 7.99% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company's stock.

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.