Federal Agricultural Mortgage (NYSE:AGM) Trading Down 2.6% – Here’s Why

Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) dropped 2.6% on Thursday . The stock traded as low as $188.76 and last traded at $193.41. Approximately 57,044 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 52,547 shares. The stock had previously closed at $198.55.

Federal Agricultural Mortgage Stock Performance

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $2.15 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.95 and a beta of 1.07. The business has a fifty day moving average price of $202.27 and a 200-day moving average price of $192.63.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. During the same quarter in the prior year, the company posted $4.13 EPS. On average, sell-side analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the transaction, the chief executive officer now owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total transaction of $208,000.00. Following the sale, the director now directly owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. This represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,573 shares of company stock worth $1,808,561. Insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in Federal Agricultural Mortgage by 0.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 46,518 shares of the credit services provider’s stock worth $8,411,000 after purchasing an additional 293 shares during the period. nVerses Capital LLC purchased a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at about $36,000. Quest Partners LLC purchased a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at about $376,000. Wedbush Securities Inc. grew its stake in shares of Federal Agricultural Mortgage by 3.9% during the 2nd quarter. Wedbush Securities Inc. now owns 10,018 shares of the credit services provider’s stock valued at $1,811,000 after acquiring an additional 374 shares during the period. Finally, AdvisorShares Investments LLC increased its holdings in Federal Agricultural Mortgage by 7.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 30,297 shares of the credit services provider’s stock worth $5,494,000 after acquiring an additional 2,074 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

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.