Federal Agricultural Mortgage (NYSE:AGM) Shares Down 2.6% – Time to Sell?

Federal Agricultural Mortgage Co. (NYSE:AGM)’s stock price traded down 2.6% on Thursday . The company traded as low as $188.76 and last traded at $193.41. 57,044 shares were traded during trading, an increase of 9% from the average session volume of 52,547 shares. The stock had previously closed at $198.55.

Federal Agricultural Mortgage Stock Performance

The firm’s 50-day moving average price is $202.11 and its two-hundred day moving average price is $192.59. The firm has a market capitalization of $2.11 billion, a PE ratio of 12.48, a P/E/G ratio of 1.95 and a beta of 1.07. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same period in the prior year, the firm earned $4.13 EPS. As a group, research analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is 36.01%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the transaction, the chief executive officer now owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mitchell A. Johnson sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the sale, the director now owns 14,060 shares in the company, valued at approximately $2,924,480. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,573 shares of company stock valued at $1,808,561. 2.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new position in Federal Agricultural Mortgage in the 2nd quarter valued at about $36,000. Point72 DIFC Ltd raised its holdings in Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage in the second quarter valued at $181,000. US Bancorp DE raised its position in Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after purchasing an additional 75 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in Federal Agricultural Mortgage by 4,182.1% during the 3rd quarter. NBC Securities Inc. now owns 1,199 shares of the credit services provider’s stock worth $224,000 after buying an additional 1,171 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

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.