Renaissance Technologies LLC Lowers Stake in Farmland Partners Inc. (NYSE:FPI)

Renaissance Technologies LLC lessened its holdings in Farmland Partners Inc. (NYSE:FPI - Free Report) by 82.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,200 shares of the financial services provider's stock after selling 175,500 shares during the period. Renaissance Technologies LLC owned 0.08% of Farmland Partners worth $440,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FPI. Millburn Ridgefield Corp raised its stake in shares of Farmland Partners by 6.9% during the first quarter. Millburn Ridgefield Corp now owns 15,719 shares of the financial services provider's stock worth $174,000 after acquiring an additional 1,017 shares in the last quarter. Taylor Frigon Capital Management LLC grew its stake in shares of Farmland Partners by 1.0% during the second quarter. Taylor Frigon Capital Management LLC now owns 115,616 shares of the financial services provider's stock valued at $1,333,000 after buying an additional 1,119 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Farmland Partners by 11.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider's stock worth $143,000 after buying an additional 1,286 shares during the period. EntryPoint Capital LLC boosted its holdings in Farmland Partners by 68.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 1,959 shares during the period. Finally, Capital Square LLC grew its position in Farmland Partners by 13.7% during the 1st quarter. Capital Square LLC now owns 19,116 shares of the financial services provider's stock worth $212,000 after acquiring an additional 2,308 shares during the last quarter. Institutional investors own 58.00% of the company's stock.

Insider Buying and Selling at Farmland Partners

In other news, Director John A. Good acquired 24,000 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $10.15 per share, with a total value of $243,600.00. Following the completion of the acquisition, the director now directly owns 86,465 shares of the company's stock, valued at approximately $877,619.75. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.30% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Farmland Partners from a "hold" rating to a "sell" rating in a research report on Thursday, July 25th.

Farmland Partners Price Performance

NYSE:FPI traded up $0.08 during mid-day trading on Friday, hitting $10.69. 207,310 shares of the company's stock were exchanged, compared to its average volume of 328,325. The company has a market cap of $514.94 million, a PE ratio of 32.39 and a beta of 0.70. Farmland Partners Inc. has a one year low of $9.70 and a one year high of $13.12. The business has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.79.

Farmland Partners (NYSE:FPI - Get Free Report) last issued its earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $11.45 million during the quarter, compared to analysts' expectations of $11.84 million. Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. During the same period last year, the firm posted ($0.02) earnings per share. On average, equities analysts forecast that Farmland Partners Inc. will post 0.18 EPS for the current fiscal year.

Farmland Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, October 1st. Farmland Partners's dividend payout ratio (DPR) is presently 72.73%.

Farmland Partners Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.