John Curtis Covington Sells 2,000 Shares of Federal Agricultural Mortgage Corp. (AGM) Stock

Federal Agricultural Mortgage Corp. (NYSE:AGM) EVP John Curtis Covington sold 2,000 shares of Federal Agricultural Mortgage stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $66.41, for a total transaction of $132,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AGM traded up $0.03 during midday trading on Friday, hitting $66.06. The company had a trading volume of 58,192 shares, compared to its average volume of 24,334. Federal Agricultural Mortgage Corp. has a 52 week low of $63.40 and a 52 week high of $99.11. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.66. The company has a market cap of $704.34 million, a P/E ratio of 8.73 and a beta of 1.14.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Thursday, November 8th. The credit services provider reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. Federal Agricultural Mortgage had a net margin of 20.12% and a return on equity of 15.39%. The firm had revenue of $49.50 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, December 13th.

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Federal Agricultural Mortgage by 10.3% during the first quarter. Principal Financial Group Inc. now owns 6,990 shares of the credit services provider’s stock worth $608,000 after acquiring an additional 651 shares in the last quarter. Argent Capital Management LLC increased its position in shares of Federal Agricultural Mortgage by 2.2% during the second quarter. Argent Capital Management LLC now owns 32,651 shares of the credit services provider’s stock worth $2,922,000 after acquiring an additional 700 shares in the last quarter. Weybosset Research & Management LLC increased its position in shares of Federal Agricultural Mortgage by 0.6% during the third quarter. Weybosset Research & Management LLC now owns 118,426 shares of the credit services provider’s stock worth $8,548,000 after acquiring an additional 746 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Federal Agricultural Mortgage by 0.5% during the third quarter. Teachers Advisors LLC now owns 165,574 shares of the credit services provider’s stock worth $11,951,000 after acquiring an additional 884 shares in the last quarter. Finally, Globeflex Capital L P increased its position in shares of Federal Agricultural Mortgage by 13.7% during the second quarter. Globeflex Capital L P now owns 8,001 shares of the credit services provider’s stock worth $716,000 after acquiring an additional 967 shares in the last quarter. 64.47% of the stock is owned by institutional investors.

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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 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 on designated eligible mortgage loans.

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