Federal Agricultural Mortgage Corporation (AGM) CFO Sells $305,506.40 in Stock

Federal Agricultural Mortgage Corporation (NYSE:AGM) CFO Robert Dale Lynch sold 4,280 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $71.38, for a total value of $305,506.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) opened at $71.28 on Friday. Federal Agricultural Mortgage Corporation has a 52-week low of $48.68 and a 52-week high of $77.78. The company has a market capitalization of $737.44, a PE ratio of 11.99 and a beta of 1.25. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.36 and a quick ratio of 0.36.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last released its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. Federal Agricultural Mortgage Corporation had a return on equity of 14.81% and a net margin of 23.05%. The firm had revenue of $43.86 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.02%. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is presently 19.35%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGM. Renaissance Technologies LLC grew its position in shares of Federal Agricultural Mortgage Corporation by 31.4% in the 2nd quarter. Renaissance Technologies LLC now owns 242,500 shares of the credit services provider’s stock valued at $15,690,000 after buying an additional 57,900 shares during the last quarter. ClariVest Asset Management LLC grew its position in shares of Federal Agricultural Mortgage Corporation by 48.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 172,081 shares of the credit services provider’s stock valued at $11,133,000 after buying an additional 55,820 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Federal Agricultural Mortgage Corporation in the 2nd quarter valued at about $2,969,000. 361 Capital LLC bought a new stake in shares of Federal Agricultural Mortgage Corporation in the 3rd quarter valued at about $2,279,000. Finally, Prudential Financial Inc. grew its position in shares of Federal Agricultural Mortgage Corporation by 22.7% in the 2nd quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock valued at $10,544,000 after buying an additional 30,144 shares during the last quarter. Hedge funds and other institutional investors own 65.53% of the company’s stock.

AGM has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $65.00 price objective on shares of Federal Agricultural Mortgage Corporation in a research report on Friday, November 10th. BidaskClub lowered Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, TheStreet lowered Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research report on Friday, August 11th.

About Federal Agricultural Mortgage Corporation

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.

Insider Buying and Selling by Quarter for Federal Agricultural Mortgage Corporation (NYSE:AGM)

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