GSA Capital Partners LLP Invests $849,000 in Federal Agricultural Mortgage Corporation (NYSE:AGM)

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 bought a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,526 shares of the credit services provider's stock, valued at approximately $849,000.

Other large investors have also recently made changes to their positions in the company. KBC Group NV purchased a new stake in Federal Agricultural Mortgage in the first quarter worth about $35,000. Byrne Asset Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 116.1% during the 1st quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider's stock worth $45,000 after acquiring an additional 130 shares during the last quarter. Versant Capital Management Inc bought a new stake in Federal Agricultural Mortgage during the 1st quarter valued at $54,000. Pictet Asset Management Holding SA bought a new stake in Federal Agricultural Mortgage during the 4th quarter valued at $208,000. Finally, Focus Partners Wealth purchased a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at $237,000. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Price Performance

NYSE AGM traded up $0.09 during trading hours on Tuesday, reaching $172.16. The company's stock had a trading volume of 13,444 shares, compared to its average volume of 72,730. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.90 and a beta of 1.02. Federal Agricultural Mortgage Corporation has a 1-year low of $159.64 and a 1-year high of $217.14. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.53 and a quick ratio of 0.53. The company's 50-day moving average is $186.36 and its two-hundred day moving average is $188.17.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. The firm had revenue of $96.79 million for the quarter, compared to analyst estimates of $94.33 million. On average, equities analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

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

Insiders Place Their Bets

In other news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage 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 owned 1,751 shares in the company, valued at approximately $336,647.26. The trade was a 16.66% decrease in their ownership of the stock. The transaction 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 Federal Agricultural Mortgage stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $192.37, for a total value of $140,045.36. Following the sale, the director owned 2,357 shares in the company, valued at $453,416.09. This trade represents a 23.60% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.