GSA Capital Partners LLP Acquires Shares of 4,526 Federal Agricultural Mortgage Corporation (NYSE:AGM)

GSA Capital Partners LLP bought a new position in Federal Agricultural Mortgage Corporation (NYSE:AGM) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 4,526 shares of the credit services provider’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AGM. KBC Group NV bought a new position in Federal Agricultural Mortgage in the first quarter worth $35,000. Byrne Asset Management LLC grew its position in shares of Federal Agricultural Mortgage by 116.1% in the 1st quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider’s stock worth $45,000 after buying an additional 130 shares during the period. Versant Capital Management Inc bought a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth about $54,000. Pictet Asset Management Holding SA purchased a new position in Federal Agricultural Mortgage during the 4th quarter valued at about $208,000. Finally, Focus Partners Wealth purchased a new position in Federal Agricultural Mortgage during the 4th quarter valued at about $237,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 350 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the transaction, the director directly owned 1,751 shares in the company, valued at $336,647.26. The trade was a 16.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric T. Mckissack sold 728 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the completion of the transaction, the director directly owned 2,357 shares in the company, valued at $453,416.09. This trade represents a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Federal Agricultural Mortgage Stock Down 1.1%

Shares of NYSE:AGM opened at $170.29 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.74. The stock has a fifty day simple moving average of $186.57 and a two-hundred day simple moving average of $188.40. Federal Agricultural Mortgage Corporation has a 12-month low of $159.64 and a 12-month high of $217.14. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.91 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.19. The firm had revenue of $96.79 million during the quarter, compared to analyst estimates of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. On average, research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, June 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 37.08%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 price objective (down previously from $230.00) on shares of Federal Agricultural Mortgage in a report on Monday, May 12th.

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.