Federal Agricultural Mortgage (NYSE:AGM) Reaches New 52-Week Low - Time to Sell?

Shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $165.86 and last traded at $167.36, with a volume of 20243 shares traded. The stock had previously closed at $174.50.

Analyst Ratings Changes

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

Federal Agricultural Mortgage Trading Down 0.6 %

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The stock has a 50-day simple moving average of $192.58 and a 200 day simple moving average of $195.38. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.69 and a beta of 1.01.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The firm had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same quarter in the prior year, the firm earned $4.10 earnings per share. As a group, equities research analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

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Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.50 per share. The ex-dividend date was Friday, March 14th. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 3.60%. Federal Agricultural Mortgage's payout ratio is currently 36.47%.

Insiders Place Their Bets

In other news, CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total transaction of $201,860.00. Following the completion of the transaction, the chief financial officer now directly owns 9,242 shares of the company's stock, valued at $1,865,590.12. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the sale, the director now directly owns 8,644 shares in the company, valued at $1,773,835.24. This trade represents a 22.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Institutional Trading of Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its stake in Federal Agricultural Mortgage by 7.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock valued at $198,000 after acquiring an additional 66 shares during the period. Westover Capital Advisors LLC grew its position in shares of Federal Agricultural Mortgage by 1.2% in the fourth quarter. Westover Capital Advisors LLC now owns 6,507 shares of the credit services provider's stock valued at $1,282,000 after purchasing an additional 75 shares during the period. Napatree Capital LLC increased its stake in shares of Federal Agricultural Mortgage by 6.8% during the fourth quarter. Napatree Capital LLC now owns 1,423 shares of the credit services provider's stock worth $280,000 after purchasing an additional 91 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Federal Agricultural Mortgage by 5.0% during the fourth quarter. Cetera Investment Advisers now owns 2,626 shares of the credit services provider's stock worth $517,000 after purchasing an additional 125 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth about $25,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

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.