Federal Agricultural Mortgage Co. (AGM) Director Sells $108,195.00 in Stock
Federal Agricultural Mortgage Co. (NYSE:AGM) Director Dennis L. Brack sold 1,500 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $72.13, for a total transaction of $108,195.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Federal Agricultural Mortgage Co. (NYSE AGM) traded up $1.85 during midday trading on Tuesday, hitting $75.22. 70,164 shares of the stock were exchanged, compared to its average volume of 55,715. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $774.84, a PE ratio of 12.30 and a beta of 1.25. Federal Agricultural Mortgage Co. has a 1 year low of $50.83 and a 1 year high of $77.78.
Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.11. The firm had revenue of $43.86 million during the quarter. Federal Agricultural Mortgage had a net margin of 20.84% and a return on equity of 15.36%.
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A number of brokerages have recently issued reports on AGM. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Federal Agricultural Mortgage in a research note on Thursday, September 21st. BidaskClub cut shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, TheStreet cut shares of Federal Agricultural Mortgage from a “b-” rating to a “c+” rating in a research note on Friday, August 11th.
A number of institutional investors and hedge funds have recently bought and sold shares of AGM. C M Bidwell & Associates Ltd. purchased a new position in Federal Agricultural Mortgage during the second quarter valued at $222,000. Cubist Systematic Strategies LLC purchased a new position in Federal Agricultural Mortgage during the third quarter valued at $240,000. Affinity Investment Advisors LLC purchased a new position in Federal Agricultural Mortgage during the third quarter valued at $260,000. Virtu KCG Holdings LLC purchased a new position in Federal Agricultural Mortgage during the second quarter valued at $275,000. Finally, Voya Investment Management LLC grew its stake in Federal Agricultural Mortgage by 8.2% during the second quarter. Voya Investment Management LLC now owns 5,449 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 413 shares in the last quarter. 65.96% of the stock is owned by institutional investors.
Federal Agricultural Mortgage Company Profile
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.
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