AdvisorNet Financial Inc Has $183,000 Stock Position in Federal Agricultural Mortgage Corporation $AGM

AdvisorNet Financial Inc lowered its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 940 shares of the credit services provider’s stock after selling 64 shares during the quarter. AdvisorNet Financial Inc’s holdings in Federal Agricultural Mortgage were worth $183,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Militia Capital Partners LP increased its position in shares of Federal Agricultural Mortgage by 7.1% during the 1st quarter. Militia Capital Partners LP now owns 15,000 shares of the credit services provider’s stock worth $2,813,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers increased its position in shares of Federal Agricultural Mortgage by 2.7% during the 1st quarter. Rhumbline Advisers now owns 15,123 shares of the credit services provider’s stock worth $2,836,000 after purchasing an additional 398 shares in the last quarter. Ellsworth Advisors LLC increased its position in shares of Federal Agricultural Mortgage by 6.3% during the 1st quarter. Ellsworth Advisors LLC now owns 4,057 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 240 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth about $34,000. Finally, Intech Investment Management LLC increased its position in shares of Federal Agricultural Mortgage by 54.1% during the 1st quarter. Intech Investment Management LLC now owns 7,678 shares of the credit services provider’s stock worth $1,440,000 after purchasing an additional 2,694 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Transactions at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 4,224 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $206.12, for a total transaction of $870,650.88. Following the completion of the sale, the chief executive officer owned 32,770 shares in the company, valued at $6,754,552.40. The trade was a 11.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Zachary Carpenter sold 293 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total transaction of $60,091.37. Following the sale, the executive vice president owned 10,532 shares of the company’s stock, valued at approximately $2,160,007.88. This represents a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,017 shares of company stock worth $1,240,807 in the last quarter. 2.20% of the stock is owned by company insiders.

Federal Agricultural Mortgage Trading Down 0.4%

AGM opened at $177.81 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $1.94 billion, a PE ratio of 10.47, a PEG ratio of 0.92 and a beta of 1.01. Federal Agricultural Mortgage Corporation has a 1-year low of $159.64 and a 1-year high of $217.14. The firm has a 50-day moving average price of $188.02 and a two-hundred day moving average price of $186.41.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.03. The firm had revenue of $100.51 million during the quarter, compared to analysts’ expectations of $96.54 million. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, September 15th. This represents a $6.00 annualized dividend and a dividend yield of 3.4%. Federal Agricultural Mortgage’s payout ratio is currently 35.34%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their target price on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the stock a “market perform” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $217.00.

Federal Agricultural Mortgage 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.