James R. Engebretsen Acquires 194 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director James R. Engebretsen acquired 194 shares of the stock in a transaction dated Monday, June 7th. The stock was purchased at an average cost of $100.50 per share, with a total value of $19,497.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:AGM opened at $101.43 on Friday. The firm has a market cap of $1.04 billion, a P/E ratio of 10.16 and a beta of 1.12. The firm’s 50 day moving average price is $101.48. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.45 and a quick ratio of 0.45. Federal Agricultural Mortgage Co. has a fifty-two week low of $57.06 and a fifty-two week high of $111.88.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Wednesday, May 5th. The credit services provider reported $2.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.02). The firm had revenue of $62.09 million for the quarter. Federal Agricultural Mortgage had a net margin of 26.28% and a return on equity of 20.16%.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Monday, June 14th.

Separately, Sidoti reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of Federal Agricultural Mortgage in a research note on Thursday, May 13th.

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its holdings in shares of Federal Agricultural Mortgage by 76.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 315 shares of the credit services provider’s stock worth $32,000 after buying an additional 136 shares in the last quarter. Fieldpoint Private Securities LLC boosted its holdings in shares of Federal Agricultural Mortgage by 36.6% during the 1st quarter. Fieldpoint Private Securities LLC now owns 526 shares of the credit services provider’s stock worth $53,000 after buying an additional 141 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $63,000. SG Americas Securities LLC bought a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $147,000. Finally, Comerica Bank bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $253,000. Hedge funds and other institutional investors own 67.12% of the company’s stock.

About Federal Agricultural Mortgage

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 (United States Department of Agriculture) 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 (LTSPC) on designated eligible mortgage loans.

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