GAMMA Investing LLC grew its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 20,282.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,376 shares of the credit services provider's stock after buying an additional 9,330 shares during the period. GAMMA Investing LLC owned 0.09% of Federal Agricultural Mortgage worth $1,758,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $25,000. Versant Capital Management Inc bought a new position in Federal Agricultural Mortgage during the 1st quarter worth approximately $54,000. Venturi Wealth Management LLC purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $100,000. Parkside Financial Bank & Trust lifted its holdings in Federal Agricultural Mortgage by 7.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock worth $198,000 after buying an additional 66 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 68.03% of the company's stock.
Federal Agricultural Mortgage Stock Performance
Shares of Federal Agricultural Mortgage stock traded up $3.23 during trading hours on Wednesday, reaching $187.85. 196,523 shares of the stock traded hands, compared to its average volume of 55,764. The company has a 50 day moving average price of $182.65 and a 200 day moving average price of $191.71. Federal Agricultural Mortgage Corporation has a one year low of $159.64 and a one year high of $217.60. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.52 and a beta of 0.99.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating the consensus estimate of $4.00 by $0.19. The business had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. On average, equities research analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.
Federal Agricultural Mortgage Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a yield of 3.19%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 37.08%.
Insider Activity
In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total transaction of $67,291.00. Following the sale, the director now directly owns 1,751 shares of the company's stock, valued at approximately $336,647.26. This trade represents a 16.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric T. Mckissack sold 728 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the sale, the director now owns 2,357 shares in the company, valued at $453,416.09. This trade represents a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $215.00 target price (down previously from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.
View Our Latest Analysis on AGM
Federal Agricultural Mortgage Company Profile
(
Free Report)
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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