Cubist Systematic Strategies LLC Acquires New Shares in Federal Agricultural Mortgage Co. (NYSE:AGM)

Cubist Systematic Strategies LLC bought a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 8,009 shares of the credit services provider's stock, valued at approximately $1,448,000. Cubist Systematic Strategies LLC owned 0.07% of Federal Agricultural Mortgage at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AGM. Riverwater Partners LLC grew its holdings in Federal Agricultural Mortgage by 0.9% in the first quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider's stock valued at $2,259,000 after purchasing an additional 104 shares during the period. Inspire Investing LLC grew its stake in Federal Agricultural Mortgage by 6.9% in the 2nd quarter. Inspire Investing LLC now owns 1,962 shares of the credit services provider's stock valued at $355,000 after acquiring an additional 126 shares during the period. SG Americas Securities LLC increased its holdings in Federal Agricultural Mortgage by 9.8% in the 2nd quarter. SG Americas Securities LLC now owns 1,439 shares of the credit services provider's stock worth $260,000 after acquiring an additional 128 shares in the last quarter. ProShare Advisors LLC raised its position in Federal Agricultural Mortgage by 8.5% during the first quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider's stock worth $323,000 after acquiring an additional 129 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider's stock valued at $40,000 after purchasing an additional 134 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock traded down $1.59 during mid-day trading on Wednesday, reaching $181.69. 37,677 shares of the stock traded hands, compared to its average volume of 55,312. The stock has a market capitalization of $1.98 billion, a PE ratio of 11.08, a PEG ratio of 1.65 and a beta of 1.04. The business has a 50-day moving average of $189.06 and a 200 day moving average of $186.08. Federal Agricultural Mortgage Co. has a fifty-two week low of $140.44 and a fifty-two week high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The firm had revenue of $406.23 million during the quarter, compared to analyst estimates of $91.77 million. During the same period in the prior year, the company posted $3.86 earnings per share. On average, analysts predict that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, September 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 34.15%.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the transaction, the director now owns 3,225 shares in the company, valued at approximately $595,173.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now directly owns 22,045 shares of the company's stock, valued at approximately $4,018,362.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

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.