Accordant Advisory Group Inc Buys 294,980 Shares of Farmland Partners Inc. (NYSE:FPI)

Accordant Advisory Group Inc boosted its position in shares of Farmland Partners Inc. (NYSE:FPI - Free Report) by 56.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 812,976 shares of the financial services provider's stock after buying an additional 294,980 shares during the quarter. Farmland Partners accounts for approximately 6.8% of Accordant Advisory Group Inc's investment portfolio, making the stock its 2nd largest position. Accordant Advisory Group Inc owned 1.69% of Farmland Partners worth $8,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Annex Advisory Services LLC boosted its stake in shares of Farmland Partners by 36.7% during the third quarter. Annex Advisory Services LLC now owns 71,509 shares of the financial services provider's stock valued at $747,000 after purchasing an additional 19,204 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Farmland Partners by 14.5% during the third quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider's stock valued at $138,000 after purchasing an additional 1,679 shares during the period. SG Americas Securities LLC boosted its stake in shares of Farmland Partners by 82.6% during the third quarter. SG Americas Securities LLC now owns 16,053 shares of the financial services provider's stock valued at $168,000 after purchasing an additional 7,264 shares during the period. Marshall Wace LLP purchased a new stake in shares of Farmland Partners during the second quarter valued at $363,000. Finally, AE Wealth Management LLC boosted its stake in shares of Farmland Partners by 13.5% during the second quarter. AE Wealth Management LLC now owns 22,014 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 2,620 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Farmland Partners Stock Down 0.6 %

NYSE:FPI traded down $0.07 during mid-day trading on Wednesday, reaching $11.13. The company's stock had a trading volume of 28,683 shares, compared to its average volume of 323,497. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $13.12. The stock has a fifty day moving average of $10.42 and a 200-day moving average of $10.79. The firm has a market capitalization of $536.10 million, a PE ratio of 21.95 and a beta of 0.70.

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

Insider Buying and Selling

In other news, Director John A. Good bought 24,000 shares of Farmland Partners stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $10.15 per share, for a total transaction of $243,600.00. Following the completion of the acquisition, the director now owns 86,465 shares of the company's stock, valued at $877,619.75. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.30% of the stock is owned by insiders.

About Farmland Partners

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.