Mariner LLC Sells 46,176 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Mariner LLC trimmed its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 93.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,355 shares of the credit services provider's stock after selling 46,176 shares during the quarter. Mariner LLC's holdings in Federal Agricultural Mortgage were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Federal Agricultural Mortgage by 1,589.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock valued at $70,114,000 after purchasing an additional 334,928 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $28,914,000. Principal Financial Group Inc. increased its stake in Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after buying an additional 29,917 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Federal Agricultural Mortgage by 10.9% in the fourth quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock valued at $43,380,000 after acquiring an additional 21,670 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Federal Agricultural Mortgage by 3.8% in the fourth quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock valued at $81,813,000 after acquiring an additional 15,140 shares in the last quarter. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock traded down $0.58 during trading on Monday, reaching $178.05. 1,985 shares of the stock traded hands, compared to its average volume of 44,267. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage Co. has a 52-week low of $159.64 and a 52-week high of $217.60. The business has a fifty day simple moving average of $184.84 and a two-hundred day simple moving average of $194.37.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. The firm had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same period in the prior year, the company earned $4.10 EPS. Sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.37%. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 36.47%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 2,500 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the transaction, the director now owns 8,644 shares of the company's stock, valued at $1,773,835.24. This trade represents a 22.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert G. Sexton bought 1,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the purchase, the director now directly owns 13,517 shares in the company, valued at approximately $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.58% of the company's stock.

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.