VELA Investment Management LLC Invests $1.72 Million in Federal Agricultural Mortgage Co. (NYSE:AGM)

VELA Investment Management LLC bought a new position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,754 shares of the credit services provider's stock, valued at approximately $1,724,000. VELA Investment Management LLC owned about 0.08% of Federal Agricultural Mortgage at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AGM. Atria Investments Inc lifted its holdings in Federal Agricultural Mortgage by 0.7% in the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock worth $1,637,000 after buying an additional 57 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Federal Agricultural Mortgage by 7.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock valued at $198,000 after acquiring an additional 66 shares in the last quarter. Victory Capital Management Inc. increased its position in Federal Agricultural Mortgage by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after purchasing an additional 70 shares during the period. US Bancorp DE raised its holdings in Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock worth $207,000 after purchasing an additional 75 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in Federal Agricultural Mortgage by 7.8% in the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock worth $237,000 after buying an additional 92 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly 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 document filed with the SEC, which is available at this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Up 0.5 %

Shares of AGM stock traded up $0.96 during mid-day trading on Tuesday, reaching $204.28. 28,534 shares of the company's stock traded hands, compared to its average volume of 46,820. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The company's 50-day moving average price is $197.07 and its 200-day moving average price is $195.65. The company has a market cap of $2.22 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.69 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 12 month low of $169.17 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same period last year, the business earned $4.10 EPS. On average, equities analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.00 annualized dividend and a yield of 2.94%. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 36.47%.

Federal Agricultural Mortgage 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.