AlphaQuest LLC Has $72,000 Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

AlphaQuest LLC reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 92.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 364 shares of the credit services provider’s stock after selling 4,658 shares during the period. AlphaQuest LLC’s holdings in Federal Agricultural Mortgage were worth $72,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Global Alpha Capital Management Ltd. lifted its stake in Federal Agricultural Mortgage by 22.9% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider’s stock valued at $2,764,000 after purchasing an additional 2,611 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Federal Agricultural Mortgage in the 4th quarter valued at about $28,914,000. Proficio Capital Partners LLC acquired a new stake in Federal Agricultural Mortgage in the 4th quarter valued at about $2,289,000. Atria Investments Inc lifted its stake in Federal Agricultural Mortgage by 9.7% in the 4th quarter. Atria Investments Inc now owns 9,578 shares of the credit services provider’s stock valued at $1,886,000 after purchasing an additional 843 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Federal Agricultural Mortgage by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 4,017 shares of the credit services provider’s stock valued at $791,000 after purchasing an additional 153 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $1,773,835.24. This trade represents a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert G. Sexton bought 1,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the acquisition, the director now directly owns 13,517 shares of the company’s stock, valued at approximately $2,644,195.54. This trade represents a 7.99 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research note on Monday, February 24th.

Federal Agricultural Mortgage Trading Up 1.1 %

Shares of AGM stock opened at $195.00 on Thursday. The firm has a 50 day moving average price of $197.42 and a two-hundred day moving average price of $196.01. 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 company has a market capitalization of $2.12 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a 12-month low of $169.17 and a 12-month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.46. The firm had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same period last year, the business posted $4.10 earnings per share. As a group, analysts predict that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 3.08%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.47%.

Federal Agricultural Mortgage Profile

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.