EntryPoint Capital LLC Grows Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

EntryPoint Capital LLC grew its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 106.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,755 shares of the credit services provider’s stock after acquiring an additional 1,421 shares during the period. EntryPoint Capital LLC’s holdings in Federal Agricultural Mortgage were worth $543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners raised its holdings in Federal Agricultural Mortgage by 3.8% in the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider’s stock worth $81,813,000 after purchasing an additional 15,140 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Federal Agricultural Mortgage by 1,589.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock worth $70,114,000 after buying an additional 334,928 shares during the period. Principal Financial Group Inc. lifted its position in shares of Federal Agricultural Mortgage by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock valued at $65,777,000 after buying an additional 14,274 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Federal Agricultural Mortgage by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock valued at $58,654,000 after acquiring an additional 7,283 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after purchasing an additional 20,603 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 1.7 %

AGM opened at $194.82 on Tuesday. The company has a market capitalization of $2.12 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a 52 week low of $169.17 and a 52 week high of $217.60. The firm has a 50-day simple moving average of $197.88 and a two-hundred day simple moving average of $196.08. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.46. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The company had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. During the same period last year, the company earned $4.10 earnings per share. Analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company 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 dividend of $1.50 per share. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.08%. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.47%.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 2,500 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aparna Ramesh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total transaction of $201,860.00. Following the completion of the transaction, the chief financial officer now owns 9,242 shares of the company’s stock, valued at $1,865,590.12. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research report on Monday, February 24th.

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.