Ellsworth Advisors LLC grew its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,817 shares of the credit services provider’s stock after acquiring an additional 243 shares during the quarter. Ellsworth Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $752,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Atria Investments Inc boosted its stake 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 purchasing an additional 57 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 1.8% in the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock worth $724,000 after buying an additional 70 shares during the last quarter. US Bancorp DE grew its holdings in shares of 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 during the last quarter. Moors & Cabot Inc. increased its position in shares of Federal Agricultural Mortgage by 7.8% in the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock valued at $237,000 after acquiring an additional 92 shares during the period. Finally, nVerses Capital LLC raised its stake in Federal Agricultural Mortgage by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.
Federal Agricultural Mortgage Stock Performance
Shares of AGM opened at $195.51 on Monday. The stock has a 50-day moving average of $202.70 and a two-hundred day moving average of $194.61. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $2.13 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.48 and a beta of 1.09. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60.
Federal Agricultural Mortgage Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $1.40 per share. The ex-dividend date was Monday, December 16th. This represents a $5.60 annualized dividend and a dividend yield of 2.86%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.
Insider Activity at Federal Agricultural Mortgage
In other news, Director Mitchell A. Johnson sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on 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 directly owns 11,060 shares of the company’s stock, valued at $2,263,871.40. The trade was a 11.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the sale, the chief executive officer now directly owns 41,104 shares in the company, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,573 shares of company stock worth $1,808,561 over the last three months. Company insiders own 2.21% 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.
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