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

Federal Agricultural Mortgage Co. (NYSE:AGM) saw a significant growth in short interest in 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. Approximately 2.1% of the shares of the company are short sold.

Federal Agricultural Mortgage Trading Down 0.2 %

NYSE:AGM traded down $0.41 during trading hours on Monday, hitting $196.84. The company had a trading volume of 16,933 shares, compared to its average volume of 52,644. Federal Agricultural Mortgage has a 1 year low of $169.17 and a 1 year high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The company has a 50-day moving average of $202.45 and a 200 day moving average of $193.10. The company has a market cap of $2.14 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.95 and a beta of 1.07.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the prior year, the business earned $4.13 EPS. Sell-side analysts expect that Federal Agricultural Mortgage will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 annualized dividend and a dividend yield of 2.84%. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the sale, the director now owns 14,060 shares in the company, valued at approximately $2,924,480. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,573 shares of company stock valued at $1,808,561. 2.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of hedge funds and other institutional investors have recently bought and sold shares of AGM. nVerses Capital LLC purchased a new stake in shares of Federal Agricultural Mortgage during the second quarter worth approximately $36,000. Point72 DIFC Ltd increased its stake 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 valued at $68,000 after purchasing an additional 234 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage during the second quarter worth approximately $181,000. US Bancorp DE grew its position 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 valued at $207,000 after buying an additional 75 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in Federal Agricultural Mortgage by 4,182.1% in the third 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 in the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

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.