11,300 Shares in Federal Agricultural Mortgage Co. (NYSE:AGM) Purchased by Denali Advisors LLC

Denali Advisors LLC bought a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,300 shares of the credit services provider’s stock, valued at approximately $2,226,000. Denali Advisors LLC owned about 0.10% of Federal Agricultural Mortgage at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AGM. Blue Trust Inc. purchased a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at approximately $25,000. Point72 DIFC Ltd increased its stake in Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 234 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Federal Agricultural Mortgage in the fourth quarter valued at $100,000. US Bancorp DE lifted its stake in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after purchasing an additional 75 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth $209,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the sale, the chief executive officer now directly owns 41,104 shares in the company, valued at $8,770,360.48. This represents a 10.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.21% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $202.88 on Thursday. The company’s 50 day simple moving average is $196.67 and its 200-day simple moving average is $195.01. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The company had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same quarter in the previous year, the company earned $4.10 earnings per share. As a group, equities research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.50 per share. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.00 annualized dividend and a yield of 2.96%. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a report on Monday.

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.