Insider Selling: Federal Agricultural Mortgage Corp. SVP Sells 3,183 Shares of Stock (AGM)
Federal Agricultural Mortgage Corp. (NYSE:AGM) SVP Stephen P. Mullery sold 3,183 shares of Federal Agricultural Mortgage Corp. stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $32.97, for a total value of $104,943.51. Following the completion of the transaction, the senior vice president now directly owns 9,246 shares of the company’s stock, valued at approximately $304,841. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Federal Agricultural Mortgage Corp. (NYSE:AGM) traded up 0.40% during mid-day trading on Friday, hitting $32.62. The stock had a trading volume of 43,301 shares. Federal Agricultural Mortgage Corp. has a 52-week low of $28.00 and a 52-week high of $36.77. The stock has a 50-day moving average of $30.2 and a 200-day moving average of $31.76. The company has a market cap of $356.3 million and a price-to-earnings ratio of 7.50.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last posted its quarterly earnings results on Monday, August 11th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $1.03. Analysts expect that Federal Agricultural Mortgage Corp. will post $4.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, September 12th.
The Federal Agricultural Mortgage Corporation (NYSE:AGM) is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose.
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