Federal Agricultural Mortgage Corporation $AGM Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners lessened its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,400 shares of the credit services provider’s stock after selling 425 shares during the period. Balboa Wealth Partners’ holdings in Federal Agricultural Mortgage were worth $661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. VELA Investment Management LLC increased its position in Federal Agricultural Mortgage by 18.2% during the second quarter. VELA Investment Management LLC now owns 15,350 shares of the credit services provider’s stock worth $2,982,000 after buying an additional 2,368 shares during the period. Inspire Investing LLC grew its holdings in Federal Agricultural Mortgage by 9.2% in the second quarter. Inspire Investing LLC now owns 2,004 shares of the credit services provider’s stock valued at $389,000 after purchasing an additional 168 shares during the last quarter. Callan Family Office LLC purchased a new position in Federal Agricultural Mortgage during the second quarter worth $232,000. Hudson Edge Investment Partners Inc. raised its holdings in shares of Federal Agricultural Mortgage by 14.7% in the second quarter. Hudson Edge Investment Partners Inc. now owns 4,491 shares of the credit services provider’s stock worth $873,000 after acquiring an additional 575 shares during the last quarter. Finally, Dakota Wealth Management acquired a new position in shares of Federal Agricultural Mortgage in the second quarter worth $223,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Up 0.4%

Shares of NYSE:AGM opened at $155.79 on Monday. Federal Agricultural Mortgage Corporation has a 52-week low of $155.00 and a 52-week high of $217.14. The company has a market cap of $1.70 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.82 and a beta of 0.95. The stock’s 50-day moving average is $184.52 and its 200-day moving average is $183.18. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.54 and a current ratio of 0.54.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.03. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The business had revenue of $100.51 million for the quarter, compared to the consensus estimate of $96.54 million. Equities research analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, September 15th. Federal Agricultural Mortgage’s payout ratio is presently 35.34%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, insider Gregory Ramsey sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total transaction of $310,065.00. Following the sale, the insider directly owned 3,085 shares of the company’s stock, valued at approximately $637,700.35. The trade was a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $205.09, for a total transaction of $60,091.37. Following the completion of the transaction, the executive vice president owned 10,532 shares of the company’s stock, valued at $2,160,007.88. This trade represents a 2.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,017 shares of company stock valued at $1,240,807. 2.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AGM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a “market perform” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $217.00.

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.