Federal Agricultural Mortgage Corporation (NYSE:AGM) Position Boosted by VELA Investment Management LLC

VELA Investment Management LLC grew its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 48.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,982 shares of the credit services provider's stock after purchasing an additional 4,228 shares during the period. VELA Investment Management LLC owned 0.12% of Federal Agricultural Mortgage worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Napatree Capital LLC raised its holdings in shares of Federal Agricultural Mortgage by 6.8% during the fourth quarter. Napatree Capital LLC now owns 1,423 shares of the credit services provider's stock worth $280,000 after purchasing an additional 91 shares during the period. Cetera Investment Advisers grew its position in shares of Federal Agricultural Mortgage by 5.0% during the fourth quarter. Cetera Investment Advisers now owns 2,626 shares of the credit services provider's stock worth $517,000 after acquiring an additional 125 shares during the last quarter. Byrne Asset Management LLC grew its position in shares of Federal Agricultural Mortgage by 116.1% during the first 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. Baird Financial Group Inc. grew its position in shares of Federal Agricultural Mortgage by 0.8% during the fourth quarter. Baird Financial Group Inc. now owns 17,872 shares of the credit services provider's stock worth $3,520,000 after acquiring an additional 135 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in shares of Federal Agricultural Mortgage by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,475 shares of the credit services provider's stock worth $684,000 after acquiring an additional 150 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the transaction, the director owned 1,751 shares in the company, valued at $336,647.26. This represents a 16.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric T. Mckissack sold 728 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $192.37, for a total transaction of $140,045.36. Following the completion of the transaction, the director owned 2,357 shares of the company's stock, valued at $453,416.09. This represents a 23.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company's stock.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock traded down $3.01 during trading on Monday, hitting $198.01. 112,227 shares of the stock were exchanged, compared to its average volume of 58,407. The stock's fifty day moving average is $188.14 and its 200 day moving average is $190.20. The stock has a market cap of $2.16 billion, a PE ratio of 12.24, a P/E/G ratio of 1.66 and a beta of 0.99. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.53 and a current ratio of 0.53. Federal Agricultural Mortgage Corporation has a 12 month low of $159.64 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. The firm had revenue of $96.79 million during the quarter, compared to analyst estimates of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. As a group, sell-side analysts anticipate 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 given a $1.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a yield of 3.03%. Federal Agricultural Mortgage's dividend payout ratio is presently 37.08%.

Analyst Ratings Changes

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

About Federal Agricultural Mortgage

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.