Taylor Frigon Capital Management LLC Has $1.41 Million Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

Taylor Frigon Capital Management LLC cut its stake in Farmland Partners Inc. (NYSE:FPI) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,262 shares of the financial services provider’s stock after selling 1,492 shares during the period. Taylor Frigon Capital Management LLC owned approximately 0.25% of Farmland Partners worth $1,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BCGM Wealth Management LLC raised its holdings in Farmland Partners by 0.4% in the 4th quarter. BCGM Wealth Management LLC now owns 262,358 shares of the financial services provider’s stock valued at $3,085,000 after acquiring an additional 1,017 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Farmland Partners by 74.6% in the 4th quarter. New York State Common Retirement Fund now owns 12,877 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 5,500 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Farmland Partners by 2.8% in the 4th quarter. Rhumbline Advisers now owns 79,766 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 2,135 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Farmland Partners by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 64,605 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 2,121 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Farmland Partners in the 4th quarter valued at $511,000. 58.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Farmland Partners from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th.

Insider Buying and Selling

In other news, Director John A. Good acquired 15,000 shares of Farmland Partners stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the transaction, the director now directly owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. The trade was a 17.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Farmland Partners Stock Performance

Shares of FPI opened at $11.51 on Thursday. Farmland Partners Inc. has a 52-week low of $9.70 and a 52-week high of $12.87. The business’s fifty day moving average is $11.74 and its 200-day moving average is $11.36. The firm has a market cap of $528.24 million, a price-to-earnings ratio of 11.51 and a beta of 0.69.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The company had revenue of $21.47 million for the quarter, compared to analyst estimates of $20.29 million. As a group, research analysts forecast that Farmland Partners Inc. will post 0.13 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.09%. Farmland Partners’s dividend payout ratio is currently 24.00%.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.