Nisa Investment Advisors LLC Boosts Stock Holdings in Federal Agricultural Mortgage Corporation $AGM

Nisa Investment Advisors LLC lifted its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 19,271.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,356 shares of the credit services provider’s stock after buying an additional 1,349 shares during the period. Nisa Investment Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC grew its position in shares of Federal Agricultural Mortgage by 398.8% in the 2nd quarter. AlphaQuest LLC now owns 3,746 shares of the credit services provider’s stock worth $728,000 after buying an additional 2,995 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Federal Agricultural Mortgage in the 2nd quarter worth approximately $253,000. R Squared Ltd purchased a new position in shares of Federal Agricultural Mortgage in the 2nd quarter worth approximately $350,000. VELA Investment Management LLC grew its position in shares of Federal Agricultural Mortgage by 18.2% in the 2nd 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 last quarter. Finally, Inspire Investing LLC grew its position in shares of Federal Agricultural Mortgage by 9.2% in the 2nd quarter. Inspire Investing LLC now owns 2,004 shares of the credit services provider’s stock worth $389,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE AGM opened at $157.30 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. Federal Agricultural Mortgage Corporation has a 12 month low of $155.00 and a 12 month high of $217.14. The company has a 50 day simple moving average of $177.54 and a two-hundred day simple moving average of $182.44. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.82 and a beta of 0.95.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by ($0.02). Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. As a group, analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.8%. The ex-dividend date 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 shares were sold at an average price of $206.71, for a total transaction of $310,065.00. Following the completion of the sale, the insider directly owned 3,085 shares in the company, valued at approximately $637,700.35. The trade was a 32.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the chief executive officer owned 32,770 shares of the company’s stock, valued at approximately $6,754,552.40. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,017 shares of company stock worth $1,240,807. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted 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. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.