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

Federal Agricultural Mortgage Co. (NYSE:AGM) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 188,500 shares, a growth of 12.0% from the November 30th total of 168,300 shares. Based on an average trading volume of 43,700 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.1% of the company’s shares are sold short.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock traded up $0.69 on Wednesday, hitting $196.95. 32,927 shares of the stock traded hands, compared to its average volume of 52,602. The company has a market capitalization of $2.14 billion, a PE ratio of 12.67, a PEG ratio of 1.95 and a beta of 1.07. The company’s fifty day moving average is $202.93 and its 200 day moving average is $193.45. 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 has a 1-year low of $169.17 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The business had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same period last year, the firm posted $4.13 earnings per share. On average, equities research analysts predict that Federal Agricultural Mortgage will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is 36.01%.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the transaction, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This represents a 10.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mitchell A. Johnson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total value 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 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. 2.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Institutional investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Federal Agricultural Mortgage during the 2nd quarter valued at about $36,000. Point72 DIFC Ltd lifted its position in Federal Agricultural Mortgage by 180.0% in the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 234 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $181,000. US Bancorp DE raised its stake in shares of 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 buying an additional 75 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Federal Agricultural Mortgage by 4,182.1% in the 3rd quarter. NBC Securities Inc. now owns 1,199 shares of the credit services provider’s stock worth $224,000 after buying an additional 1,171 shares in the last quarter. Institutional investors own 68.03% 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.