EntryPoint Capital LLC Has $543,000 Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

EntryPoint Capital LLC grew its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 106.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,755 shares of the credit services provider's stock after acquiring an additional 1,421 shares during the period. EntryPoint Capital LLC's holdings in Federal Agricultural Mortgage were worth $543,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Federal Agricultural Mortgage by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after purchasing an additional 70 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at approximately $3,949,000. Moors & Cabot Inc. lifted its position in shares of Federal Agricultural Mortgage by 7.8% in the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock valued at $237,000 after buying an additional 92 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter worth approximately $300,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Federal Agricultural Mortgage by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider's stock worth $20,145,000 after acquiring an additional 6,444 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the sale, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert G. Sexton purchased 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the transaction, the director now directly owns 13,517 shares of the company's stock, valued at $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Performance

AGM stock traded down $5.72 during mid-day trading on Friday, hitting $188.57. 41,950 shares of the company were exchanged, compared to its average volume of 43,995. The stock has a market capitalization of $2.05 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The business has a 50 day simple moving average of $197.87 and a 200-day simple moving average of $196.25. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.46. The firm had revenue of $101.26 million for the quarter, compared to analysts' expectations of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same quarter last year, the business earned $4.10 EPS. On average, equities analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.50 dividend. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.00 annualized dividend and a yield of 3.18%. Federal Agricultural Mortgage's payout ratio is 36.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th.

Federal Agricultural Mortgage 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: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.