Quadrature Capital Ltd Acquires Shares of 2,859 Federal Agricultural Mortgage Co. (NYSE:AGM)

Quadrature Capital Ltd bought a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,859 shares of the credit services provider's stock, valued at approximately $536,000.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after acquiring an additional 29,917 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Federal Agricultural Mortgage by 10.0% in the third quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider's stock valued at $42,539,000 after purchasing an additional 20,603 shares during the period. American Century Companies Inc. increased its stake in Federal Agricultural Mortgage by 25.7% in the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider's stock valued at $32,187,000 after purchasing an additional 36,380 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in Federal Agricultural Mortgage by 10.6% during the third quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider's stock worth $32,259,000 after buying an additional 16,487 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Federal Agricultural Mortgage by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider's stock worth $20,145,000 after buying an additional 6,444 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Trading Down 1.3 %

Shares of NYSE AGM traded down $2.74 on Monday, reaching $211.06. 32,744 shares of the company traded hands, compared to its average volume of 53,390. The stock has a market capitalization of $2.30 billion, a PE ratio of 13.75, a P/E/G ratio of 1.93 and a beta of 1.07. Federal Agricultural Mortgage Co. has a fifty-two week low of $168.71 and a fifty-two week high of $217.60. 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 company has a 50 day moving average of $196.63 and a 200 day moving average of $189.88.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts' consensus estimates of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The company had revenue of $411.40 million for the quarter, compared to analysts' expectations of $92.15 million. During the same period in the prior year, the business earned $4.13 EPS. On average, equities research analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.65%. Federal Agricultural Mortgage's dividend payout ratio is presently 36.01%.

Insider Transactions at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 5,073 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the sale, the chief executive officer now owns 41,104 shares of the company's stock, valued at $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company's stock, valued at approximately $4,018,362.60. This trade represents a 10.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,170 shares of company stock worth $2,282,215 in the last three months. 2.21% of the stock is currently owned by company insiders.

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.