Federal Agricultural Mortgage Co. (NYSE:AGM – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 100,100 shares, a drop of 11.5% from the May 31st total of 113,100 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 44,100 shares, the short-interest ratio is currently 2.3 days.
Federal Agricultural Mortgage Stock Down 0.6 %
Shares of AGM traded down $1.12 during midday trading on Wednesday, hitting $181.47. The company had a trading volume of 21,754 shares, compared to its average volume of 59,277. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.55 and a beta of 1.03. The company’s 50 day moving average price is $178.85 and its 200 day moving average price is $183.61. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.38. Federal Agricultural Mortgage has a 52 week low of $137.16 and a 52 week high of $199.40.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The firm had revenue of $403.63 million for the quarter, compared to analysts’ expectations of $92.22 million. During the same quarter in the prior year, the firm posted $3.56 earnings per share. On average, equities research analysts predict that Federal Agricultural Mortgage will post 16.67 EPS for the current year.
Federal Agricultural Mortgage Announces Dividend
Institutional Trading of Federal Agricultural Mortgage
A number of institutional investors and hedge funds have recently modified their holdings of AGM. Parkside Financial Bank & Trust boosted its position in Federal Agricultural Mortgage by 9.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock valued at $134,000 after purchasing an additional 61 shares during the period. Riverwater Partners LLC boosted its stake in Federal Agricultural Mortgage by 0.7% during the 4th quarter. Riverwater Partners LLC now owns 11,372 shares of the credit services provider’s stock valued at $2,175,000 after purchasing an additional 80 shares during the period. ProShare Advisors LLC grew its position in Federal Agricultural Mortgage by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock worth $323,000 after purchasing an additional 129 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Federal Agricultural Mortgage by 194.2% in the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 134 shares during the period. Finally, Comerica Bank raised its holdings in shares of Federal Agricultural Mortgage by 6.4% during the first quarter. Comerica Bank now owns 2,552 shares of the credit services provider’s stock valued at $502,000 after buying an additional 154 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $212.00 price objective (down from $225.00) on shares of Federal Agricultural Mortgage in a report on Wednesday, May 8th.
View Our Latest Research Report on AGM
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.
Recommended Stories
- Five stocks we like better than Federal Agricultural Mortgage
- Stock Dividend Cuts Happen Are You Ready?
- AbbVie Stock: A Perfect Dip for Investors to Buy
- There Are Different Types of Stock To Invest In
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Health Care Stocks Explained: Why You Might Want to Invest
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Federal Agricultural Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.