Federal Agricultural Mortgage (NYSE:AGM) Shares Gap Down to $194.22

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $194.22, but opened at $186.44. Federal Agricultural Mortgage shares last traded at $190.60, with a volume of 18,825 shares.

Federal Agricultural Mortgage Price Performance

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $187.50 and a two-hundred day moving average price of $179.34. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.72 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.70 by $0.40. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The business had revenue of $354.15 million during the quarter, compared to analyst estimates of $86.86 million. During the same period in the prior year, the company posted $3.16 EPS. As a group, research analysts forecast that Federal Agricultural Mortgage Co. will post 17 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage's dividend payout ratio is 35.42%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its stake in Federal Agricultural Mortgage by 9.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider's stock valued at $134,000 after purchasing an additional 61 shares in the last quarter. Riverwater Partners LLC boosted its stake in Federal Agricultural Mortgage by 0.7% during the 4th quarter. Riverwater Partners LLC now owns 11,372 shares of the credit services provider's stock valued at $2,175,000 after purchasing an additional 80 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Federal Agricultural Mortgage by 194.2% during the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider's stock valued at $40,000 after purchasing an additional 134 shares in the last quarter. Principal Securities Inc. bought a new position in Federal Agricultural Mortgage during the 4th quarter valued at $34,000. Finally, Deutsche Bank AG boosted its stake in Federal Agricultural Mortgage by 3.6% during the 3rd quarter. Deutsche Bank AG now owns 5,422 shares of the credit services provider's stock valued at $837,000 after purchasing an additional 187 shares in the last quarter. 68.03% of the stock is owned by institutional investors.

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.