Yorktown Management & Research Co Inc Buys Shares of 1,600 Federal Agricultural Mortgage Co. (NYSE:AGM)

Yorktown Management & Research Co Inc purchased a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,600 shares of the credit services provider's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AGM. Atria Investments Inc lifted its stake in Federal Agricultural Mortgage by 0.7% in the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock valued at $1,637,000 after buying an additional 57 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 grew its position 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 during the last quarter. Moors & Cabot Inc. boosted its position in Federal Agricultural Mortgage by 7.8% during the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock worth $237,000 after acquiring an additional 92 shares during the period. Finally, nVerses Capital LLC grew its stake in shares of 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 in the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE AGM traded down $2.02 during midday trading on Friday, reaching $197.61. 22,063 shares of the company traded hands, compared to its average volume of 31,308. The stock has a 50-day moving average price of $199.69 and a 200 day moving average price of $194.73. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage Co. has a 52 week low of $169.17 and a 52 week high of $217.60.

Insider Activity

In other news, Director Mitchell A. Johnson sold 1,500 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $204.69, for a total transaction of $307,035.00. Following the completion of the transaction, the director now owns 11,060 shares in the company, valued at approximately $2,263,871.40. This trade represents a 11.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 41,104 shares of the company's stock, valued at approximately $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,573 shares of company stock worth $1,600,561 over the last three months. Corporate insiders own 2.58% of the company's stock.

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.