Federal Agricultural Mortgage Co. (NYSE:AGM) Short Interest Update

Federal Agricultural Mortgage Co. (NYSE:AGMGet Rating) was the target of a large decrease in short interest during the month of December. As of December 30th, there was short interest totalling 79,500 shares, a decrease of 5.8% from the December 15th total of 84,400 shares. Based on an average trading volume of 38,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.9% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Federal Agricultural Mortgage in a research report on Wednesday, October 12th. They set a “buy” rating for the company.

Insider Activity

In other Federal Agricultural Mortgage news, Director Dennis L. Brack sold 600 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $125.74, for a total transaction of $75,444.00. Following the completion of the sale, the director now directly owns 7,966 shares of the company’s stock, valued at approximately $1,001,644.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the second quarter valued at about $26,000. Larson Financial Group LLC acquired a new stake in shares of Federal Agricultural Mortgage during the third quarter worth approximately $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of Federal Agricultural Mortgage during the third quarter worth approximately $52,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Federal Agricultural Mortgage by 354.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 614 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 479 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at approximately $63,000. 66.13% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Stock Up 1.8 %

Shares of Federal Agricultural Mortgage stock opened at $123.93 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.52. The firm has a market cap of $1.34 billion, a P/E ratio of 9.32 and a beta of 1.00. Federal Agricultural Mortgage has a fifty-two week low of $90.38 and a fifty-two week high of $130.03. The business has a 50-day moving average price of $120.01 and a 200 day moving average price of $111.93.

Federal Agricultural Mortgage (NYSE:AGMGet Rating) last issued its quarterly earnings data on Monday, November 7th. The credit services provider reported $3.07 earnings per share (EPS) for the quarter. The business had revenue of $72.05 million during the quarter. Federal Agricultural Mortgage had a return on equity of 20.26% and a net margin of 28.78%.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, December 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 28.57%.

About Federal Agricultural Mortgage

(Get Rating)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

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