Riverwater Partners LLC Has $1.24 Million Stock Position in Federal Agricultural Mortgage Corporation (NYSE:AGM)

Riverwater Partners LLC cut its position in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 43.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,622 shares of the credit services provider's stock after selling 5,138 shares during the period. Riverwater Partners LLC owned 0.06% of Federal Agricultural Mortgage worth $1,242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AGM. Global Alpha Capital Management Ltd. lifted its stake in shares of Federal Agricultural Mortgage by 22.9% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock valued at $2,764,000 after buying an additional 2,611 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Federal Agricultural Mortgage during the fourth quarter worth $2,289,000. Ameriprise Financial Inc. purchased a new stake in Federal Agricultural Mortgage in the 4th quarter valued at $357,000. Principal Financial Group Inc. lifted its stake 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 valued at $65,777,000 after acquiring an additional 14,274 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 6,317 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage stock in a transaction 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 completion of the transaction, the director now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric T. Mckissack sold 728 shares of the business's stock in a transaction 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 sale, the director now owns 2,357 shares in the company, valued at approximately $453,416.09. The trade was a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage Trading Up 1.7%

NYSE:AGM opened at $187.85 on Friday. Federal Agricultural Mortgage Corporation has a 52 week low of $159.64 and a 52 week high of $217.60. The firm has a 50-day moving average price of $183.05 and a two-hundred day moving average price of $191.54. 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 firm has a market cap of $2.05 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. The company had revenue of $96.79 million during 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 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 annualized dividend and a dividend yield of 3.19%. Federal Agricultural Mortgage's payout ratio is currently 37.08%.

Federal Agricultural Mortgage 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.

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