Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 134,600 shares, a decrease of 10.4% from the July 31st total of 150,300 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 29,800 shares, the days-to-cover ratio is currently 4.5 days.
Federal Agricultural Mortgage Trading Up 0.3 %
NYSE:AGM traded up $0.30 on Wednesday, reaching $110.60. The stock had a trading volume of 89 shares, compared to its average volume of 24,053. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 8.92 and a beta of 0.94. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s fifty day moving average is $105.05 and its two-hundred day moving average is $108.14. Federal Agricultural Mortgage has a 12-month low of $90.38 and a 12-month high of $137.01.
Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The credit services provider reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. Federal Agricultural Mortgage had a net margin of 31.96% and a return on equity of 19.71%.
Federal Agricultural Mortgage Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, September 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 30.74%.
Analyst Ratings Changes
Several research firms recently commented on AGM. StockNews.com upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Sidoti upgraded shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $138.00 price objective on the stock in a research report on Thursday, May 5th.
Institutional Trading of Federal Agricultural Mortgage
Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP increased its position in Federal Agricultural Mortgage by 14.3% during the 4th quarter. First Trust Advisors LP now owns 15,005 shares of the credit services provider’s stock worth $1,860,000 after purchasing an additional 1,881 shares in the last quarter. First Republic Investment Management Inc. increased its position in Federal Agricultural Mortgage by 18.0% during the 4th quarter. First Republic Investment Management Inc. now owns 5,594 shares of the credit services provider’s stock worth $693,000 after purchasing an additional 855 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Federal Agricultural Mortgage by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 196,469 shares of the credit services provider’s stock worth $24,349,000 after purchasing an additional 16,310 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Federal Agricultural Mortgage in the fourth quarter valued at approximately $446,000. Finally, Copeland Capital Management LLC grew its position in Federal Agricultural Mortgage by 1.9% in the first quarter. Copeland Capital Management LLC now owns 301,887 shares of the credit services provider’s stock valued at $32,749,000 after acquiring an additional 5,698 shares in the last quarter. Institutional investors and hedge funds own 66.73% 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: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
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