Eidelman Virant Capital decreased its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,846 shares of the credit services provider’s stock after selling 340 shares during the period. Eidelman Virant Capital owned approximately 0.18% of Federal Agricultural Mortgage Corporation worth $1,219,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Globeflex Capital L P purchased a new stake in shares of Federal Agricultural Mortgage Corporation during the first quarter valued at approximately $114,000. Citadel Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage Corporation during the first quarter valued at approximately $250,000. Karp Capital Management Corp purchased a new stake in shares of Federal Agricultural Mortgage Corporation during the first quarter valued at approximately $269,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Federal Agricultural Mortgage Corporation during the first quarter valued at approximately $299,000. Finally, Stifel Financial Corp purchased a new stake in shares of Federal Agricultural Mortgage Corporation during the first quarter valued at approximately $300,000. Hedge funds and other institutional investors own 64.11% of the company’s stock.
Shares of Federal Agricultural Mortgage Corporation (NYSE AGM) opened at 66.81 on Thursday. The firm has a 50 day moving average of $67.50 and a 200 day moving average of $61.31. Federal Agricultural Mortgage Corporation has a 52 week low of $37.84 and a 52 week high of $74.01. The firm has a market cap of $708.45 million, a price-to-earnings ratio of 9.21 and a beta of 1.16.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last released its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.12. The firm had revenue of $43.48 million for the quarter. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. Equities analysts predict that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.16%. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is presently 19.81%.
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Several equities research analysts have commented on the stock. BidaskClub lowered shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet lowered shares of Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods set a $65.00 price target on shares of Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th.
In other Federal Agricultural Mortgage Corporation news, Director Sara Louise Faivre-Davis sold 399 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $69.67, for a total value of $27,798.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Dale Lynch sold 4,392 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $70.00, for a total transaction of $307,440.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,946 shares of company stock worth $592,412. Company insiders own 3.75% of the company’s stock.
Federal Agricultural Mortgage Corporation Company Profile
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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