Rice Hall James & Associates LLC Sells 4,120 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Rice Hall James & Associates LLC lessened its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,009 shares of the credit services provider's stock after selling 4,120 shares during the period. Federal Agricultural Mortgage makes up about 1.8% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 12th largest position. Rice Hall James & Associates LLC owned about 1.54% of Federal Agricultural Mortgage worth $33,089,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in Federal Agricultural Mortgage in the fourth quarter worth $25,000. nVerses Capital LLC increased its position in Federal Agricultural Mortgage by 50.0% in the third quarter. nVerses Capital LLC now owns 300 shares of the credit services provider's stock worth $56,000 after purchasing an additional 100 shares during the last quarter. Point72 DIFC Ltd increased its position in Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock valued at $68,000 after acquiring an additional 234 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Federal Agricultural Mortgage during the fourth quarter valued at $100,000. Finally, US Bancorp DE increased its position in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock valued at $207,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 68.03% of the company's stock.

Federal Agricultural Mortgage Trading Up 6.4 %

AGM stock traded up $12.55 during mid-day trading on Friday, reaching $208.22. 73,753 shares of the stock traded hands, compared to its average volume of 33,302. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60. The stock has a market capitalization of $2.27 billion, a PE ratio of 13.39, a PEG ratio of 1.61 and a beta of 1.08. The business has a 50-day moving average price of $196.77 and a two-hundred day moving average price of $194.30.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed 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 is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a yield of 2.88%. Federal Agricultural Mortgage's payout ratio is 36.01%.

Insider Buying and Selling 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 shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the transaction, the chief executive officer now directly owns 41,104 shares in the company, valued at approximately $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.