Semanteon Capital Management LP Invests $358,000 in Federal Agricultural Mortgage Co. (NYSE:AGM)

Semanteon Capital Management LP purchased a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,911 shares of the credit services provider’s stock, valued at approximately $358,000.

Several other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of Federal Agricultural Mortgage in the second quarter worth approximately $36,000. Sunbelt Securities Inc. raised its holdings in shares of Federal Agricultural Mortgage by 194.2% in the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after buying an additional 134 shares during the period. Fifth Third Bancorp raised its holdings in shares of Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after buying an additional 321 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at $108,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at $181,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the transaction, the executive vice president now directly owns 22,045 shares in the company, valued at approximately $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock valued at $729,487 over the last three months. 2.58% of the stock is owned by company insiders.

Federal Agricultural Mortgage Stock Up 1.4 %

Shares of NYSE AGM opened at $186.00 on Tuesday. The stock has a market cap of $2.02 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. Federal Agricultural Mortgage Co. has a 52-week low of $145.89 and a 52-week high of $217.60. The business has a 50-day moving average price of $186.73 and a 200 day moving average price of $185.48.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). The business had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. During the same period last year, the company posted $3.86 earnings per share. Equities research analysts forecast that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, September 16th. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

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.