Global Alpha Capital Management Ltd. Grows Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Global Alpha Capital Management Ltd. boosted its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,036 shares of the credit services provider's stock after acquiring an additional 2,611 shares during the period. Global Alpha Capital Management Ltd. owned 0.13% of Federal Agricultural Mortgage worth $2,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. US Bancorp DE increased its stake in Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock worth $207,000 after acquiring an additional 75 shares during the last quarter. Principal Financial Group Inc. increased its position in Federal Agricultural Mortgage by 10.3% in the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after purchasing an additional 29,917 shares during the last quarter. Atria Investments Inc raised its stake in Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock valued at $1,637,000 after purchasing an additional 57 shares in the last quarter. Barnett & Company Inc. lifted its position in Federal Agricultural Mortgage by 1.5% during the third quarter. Barnett & Company Inc. now owns 45,364 shares of the credit services provider's stock valued at $8,502,000 after purchasing an additional 650 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of 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 worth $724,000 after buying an additional 70 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.

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Federal Agricultural Mortgage Trading Up 0.2 %

Shares of NYSE AGM traded up $0.46 during trading hours on Wednesday, hitting $191.30. 30,594 shares of the company traded hands, compared to its average volume of 35,513. The company's 50 day moving average price is $197.23 and its 200 day moving average price is $196.09. Federal Agricultural Mortgage Co. has a 12 month low of $169.17 and a 12 month high of $217.60. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. 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 (NYSE:AGM - Get Free Report) last announced its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.46. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The business had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. During the same quarter in the prior year, the firm posted $4.10 earnings per share. On average, equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's payout ratio is 36.47%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased 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 report on Monday, February 24th.

Insider Activity

In related news, Director Mitchell A. Johnson sold 2,500 shares of the business's 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 completion of the transaction, the director now owns 8,644 shares in the company, valued at $1,773,835.24. The trade was a 22.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the sale, the chief financial officer now owns 9,242 shares in the company, valued at approximately $1,865,590.12. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% 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: 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.