Insider Selling: Federal Agricultural Mortgage Corp. Class C (AGM) EVP Sells 4,396 Shares of Stock

Federal Agricultural Mortgage Corp. Class C (NYSE:AGM) EVP John Curtis Covington sold 4,396 shares of the business’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $90.36, for a total value of $397,222.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Federal Agricultural Mortgage Corp. Class C opened at $92.68 on Friday, MarketBeat reports. Federal Agricultural Mortgage Corp. Class C has a twelve month low of $58.17 and a twelve month high of $92.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $969.79 million, a PE ratio of 13.53 and a beta of 1.18.

Federal Agricultural Mortgage Corp. Class C (NYSE:AGM) last issued its quarterly earnings data on Thursday, March 8th. The credit services provider reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.14. Federal Agricultural Mortgage Corp. Class C had a net margin of 19.89% and a return on equity of 15.77%. The business had revenue of $43.96 million during the quarter.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 14th.

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Federal Agricultural Mortgage Corp. Class C by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 6,990 shares of the credit services provider’s stock valued at $608,000 after buying an additional 651 shares during the period. WINTON GROUP Ltd bought a new position in Federal Agricultural Mortgage Corp. Class C in the 1st quarter valued at about $818,000. Cubist Systematic Strategies LLC bought a new position in Federal Agricultural Mortgage Corp. Class C in the 1st quarter valued at about $239,000. Element Capital Management LLC bought a new position in Federal Agricultural Mortgage Corp. Class C in the 1st quarter valued at about $792,000. Finally, Barclays PLC increased its holdings in Federal Agricultural Mortgage Corp. Class C by 89.5% in the 1st quarter. Barclays PLC now owns 5,901 shares of the credit services provider’s stock valued at $514,000 after buying an additional 2,787 shares during the period. Institutional investors and hedge funds own 64.55% of the company’s stock.

A number of equities research analysts have issued reports on AGM shares. Sidoti upgraded Federal Agricultural Mortgage Corp. Class C from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday, February 14th. ValuEngine upgraded Federal Agricultural Mortgage Corp. Class C from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods set a $93.00 price target on Federal Agricultural Mortgage Corp. Class C and gave the company a “hold” rating in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $93.50.

Federal Agricultural Mortgage Corp. Class C Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.

Insider Buying and Selling by Quarter for Federal Agricultural Mortgage Corp. Class C (NYSE:AGM)

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