2,129 Shares in Federal Agricultural Mortgage Co. (NYSE:AGM) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,129 shares of the credit services provider’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC purchased a new stake in Federal Agricultural Mortgage during the second quarter valued at about $36,000. Point72 DIFC Ltd lifted its position in shares of 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 acquiring an additional 234 shares in the last quarter. Fifth Third Bancorp boosted its stake in Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 321 shares during the period. Ridgewood Investments LLC purchased a new position in Federal Agricultural Mortgage during the 2nd quarter worth approximately $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter valued at $181,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $211.10, for a total value of $211,100.00. Following the completion of the sale, the director now directly owns 13,060 shares of the company’s stock, valued at $2,756,966. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bradford T. Nordholm sold 5,073 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 41,104 shares in the company, valued at $8,770,360.48. This represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,573 shares of company stock worth $1,808,561. Corporate insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock opened at $210.13 on Tuesday. The business has a fifty day simple moving average of $199.99 and a 200-day simple moving average of $191.46. The stock has a market cap of $2.29 billion, a PE ratio of 13.51, a price-to-earnings-growth 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 Co. has a 12 month low of $169.17 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued 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). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The business had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the prior year, the company earned $4.13 EPS. On average, sell-side analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

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.