Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC trimmed its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,305 shares of the credit services provider’s stock after selling 1,512 shares during the quarter. Federal Agricultural Mortgage comprises 7.3% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 2nd biggest position. Weybosset Research & Management LLC owned 1.00% of Federal Agricultural Mortgage worth $21,528,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC increased its holdings 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 valued at $56,000 after purchasing an additional 100 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage during the 2nd quarter worth about $181,000. US Bancorp DE boosted its holdings in Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after acquiring an additional 75 shares during the period. Finally, NBC Securities Inc. boosted its holdings in Federal Agricultural Mortgage by 4,182.1% during the 3rd quarter. NBC Securities Inc. now owns 1,199 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 1,171 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Insider Activity

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $307,035.00. Following the completion of the sale, the director now directly owns 11,060 shares in the company, valued at $2,263,871.40. This represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,573 shares of company stock valued at $1,808,561 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Stock Down 3.6 %

AGM traded down $6.77 on Friday, hitting $180.99. 6,747 shares of the company were exchanged, compared to its average volume of 32,166. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The firm has a 50-day moving average price of $203.77 and a two-hundred day moving average price of $193.99.

Federal Agricultural Mortgage (NYSE:AGM) last announced 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 company had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $92.15 million. During the same quarter in the prior year, the company earned $4.13 earnings per share. On average, equities analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

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.