Denali Advisors LLC Takes $636,000 Position in Farmland Partners Inc. $FPI

Denali Advisors LLC bought a new stake in shares of Farmland Partners Inc. (NYSE:FPI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 58,500 shares of the financial services provider’s stock, valued at approximately $636,000. Denali Advisors LLC owned approximately 0.14% of Farmland Partners at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Oakworth Capital Inc. acquired a new stake in shares of Farmland Partners in the third quarter valued at $34,000. Gables Capital Management Inc. acquired a new stake in shares of Farmland Partners in the second quarter worth $40,000. Tower Research Capital LLC TRC grew its stake in Farmland Partners by 218.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 2,886 shares in the last quarter. Strs Ohio purchased a new position in Farmland Partners during the first quarter valued at approximately $96,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Farmland Partners during the 3rd quarter valued at $109,000. 58.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Farmland Partners in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Farmland Partners Stock Up 1.1%

FPI stock opened at $11.99 on Tuesday. The company has a market cap of $516.55 million, a PE ratio of 9.99 and a beta of 0.79. Farmland Partners Inc. has a twelve month low of $9.36 and a twelve month high of $12.87. The business’s 50-day simple moving average is $10.59 and its 200 day simple moving average is $10.48.

Farmland Partners Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. Farmland Partners’s payout ratio is presently 20.00%.

Insider Buying and Selling at Farmland Partners

In related news, Director John A. Good bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $10.20 per share, for a total transaction of $30,600.00. Following the transaction, the director directly owned 15,100 shares of the company’s stock, valued at $154,020. This represents a 24.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.