4,526 Shares in Federal Agricultural Mortgage Corporation (NYSE:AGM) Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP acquired 4,526 shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) in Q1, valuing the purchase at approximately $849,000.
• Insider transactions included the sale of shares by Director Sara Louise Faivre-Davis and Director Eric T. Mckissack, reflecting a 16.66% and 23.60% decrease in their respective holdings.
• Federal Agricultural Mortgage recently announced a quarterly dividend of $1.50 per share, resulting in an annualized dividend of $6.00 and a yield of 3.5%.

GSA Capital Partners LLP purchased a new position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,526 shares of the credit services provider's stock, valued at approximately $849,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Captrust Financial Advisors increased its stake in Federal Agricultural Mortgage by 12.4% in the fourth quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider's stock valued at $50,261,000 after purchasing an additional 28,215 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Federal Agricultural Mortgage in the fourth quarter valued at approximately $28,914,000. Northern Trust Corp increased its stake in Federal Agricultural Mortgage by 6.2% in the fourth quarter. Northern Trust Corp now owns 129,874 shares of the credit services provider's stock valued at $25,579,000 after purchasing an additional 7,593 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Federal Agricultural Mortgage by 1.1% in the first quarter. Envestnet Asset Management Inc. now owns 72,602 shares of the credit services provider's stock valued at $13,614,000 after purchasing an additional 786 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Federal Agricultural Mortgage by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 70,678 shares of the credit services provider's stock valued at $13,920,000 after purchasing an additional 1,620 shares in the last quarter. 68.03% of the stock is owned by institutional investors.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Eric T. Mckissack sold 728 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the completion of the transaction, the director owned 2,357 shares in the company, valued at $453,416.09. This represents a 23.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Louise Faivre-Davis sold 350 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the transaction, the director owned 1,751 shares of the company's stock, valued at $336,647.26. This trade represents a 16.66% decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed 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.

Federal Agricultural Mortgage Trading Down 1.1%

NYSE:AGM traded down $1.98 during trading hours on Friday, hitting $170.29. The stock had a trading volume of 61,766 shares, compared to its average volume of 89,568. Federal Agricultural Mortgage Corporation has a one year low of $159.64 and a one year high of $217.14. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.90 and a beta of 1.02. The business's 50 day moving average is $186.57 and its 200-day moving average is $188.38.

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, beating the consensus estimate of $4.00 by $0.19. The company had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. Sell-side analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio is 37.08%.

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.