Versor Investments LP Makes New $355,000 Investment in Federal Agricultural Mortgage Co. (NYSE:AGM)

Versor Investments LP acquired a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,800 shares of the credit services provider's stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Atria Investments Inc raised its holdings in shares of Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock worth $1,637,000 after acquiring an additional 57 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after buying an additional 70 shares in the last quarter. US Bancorp DE raised its holdings 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 buying an additional 75 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Federal Agricultural Mortgage by 7.8% during the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock valued at $237,000 after buying an additional 92 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in Federal Agricultural Mortgage during the fourth quarter valued at about $25,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity

In related news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the sale, the director now directly owns 8,644 shares of the company's stock, valued at $1,773,835.24. This trade represents a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the sale, the chief financial officer now directly owns 9,242 shares in the company, valued at approximately $1,865,590.12. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM traded down $2.79 during midday trading on Thursday, hitting $200.63. The company's stock had a trading volume of 13,576 shares, compared to its average volume of 46,078. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.69 and a beta of 1.08. The stock's 50 day simple moving average is $197.18 and its 200 day simple moving average is $195.79. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. 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 (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.46. The company had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same period last year, the business posted $4.10 earnings per share. As a group, research analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.50 dividend. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 36.47%.

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.