Federal Agricultural Mortgage Co. (NYSE:AGM) Short Interest Update

Federal Agricultural Mortgage Co. (NYSE:AGM) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 138,400 shares, a growth of 9.1% from the March 31st total of 126,900 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 68,300 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Federal Agricultural Mortgage

Several hedge funds have recently made changes to their positions in the company. Pullen Investment Management LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth $2,108,000. Capstone Investment Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth $343,000. BNP Paribas Financial Markets lifted its stake in shares of Federal Agricultural Mortgage by 39.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,462 shares of the credit services provider’s stock worth $878,000 after acquiring an additional 1,267 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth $2,141,000. Finally, Riverwater Partners LLC lifted its stake in shares of Federal Agricultural Mortgage by 0.9% in the 1st quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider’s stock worth $2,259,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Up 2.0 %

Shares of Federal Agricultural Mortgage stock opened at $189.88 on Thursday. Federal Agricultural Mortgage has a 1 year low of $122.96 and a 1 year high of $199.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $2.06 billion, a P/E ratio of 12.01 and a beta of 1.07. The company’s fifty day moving average is $186.83 and its two-hundred day moving average is $178.11.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The company had revenue of $354.15 million for the quarter, compared to the consensus estimate of $86.86 million. During the same period last year, the firm posted $3.16 EPS. Analysts forecast that Federal Agricultural Mortgage will post 17 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.40 per share. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 35.42%.

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.