Insider Selling: Tom D. Stenson Sells 11,214 Shares of Federal Agricultural Mortgage Corp. Stock (AGM)
Federal Agricultural Mortgage Corp. (NYSE:AGM) COO Tom D. Stenson sold 11,214 shares of Federal Agricultural Mortgage Corp. stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $32.56, for a total value of $365,127.84. Following the sale, the chief operating officer now directly owns 18,770 shares in the company, valued at approximately $611,151. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Federal Agricultural Mortgage Corp. (NYSE:AGM) traded up 3.46% during mid-day trading on Monday, hitting $33.75. The stock had a trading volume of 26,803 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 $368.7 million and a P/E ratio of 7.53.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last released its earnings data 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. Shareholders 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 1.72%. 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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