Federal Agricultural Mortgage (AGM) Hits New 12-Month Low at $61.93

Federal Agricultural Mortgage Corp. (NYSE:AGM) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $61.93 and last traded at $63.24, with a volume of 624 shares changing hands. The stock had previously closed at $66.35.

The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.66. The stock has a market cap of $704.66 million, a P/E ratio of 8.74 and a beta of 1.15.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.75%.

In other news, EVP John Curtis Covington sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was 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. 2.48% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AGM. Matarin Capital Management LLC bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at approximately $4,918,000. Rice Hall James & Associates LLC boosted its position in shares of Federal Agricultural Mortgage by 265.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 92,369 shares of the credit services provider’s stock valued at $6,667,000 after acquiring an additional 67,077 shares during the last quarter. BlackRock Inc. boosted its position in shares of Federal Agricultural Mortgage by 4.9% during the 3rd quarter. BlackRock Inc. now owns 932,889 shares of the credit services provider’s stock valued at $67,335,000 after acquiring an additional 43,224 shares during the last quarter. Seizert Capital Partners LLC bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at approximately $3,072,000. Finally, Copeland Capital Management LLC boosted its position in shares of Federal Agricultural Mortgage by 22.6% during the 3rd quarter. Copeland Capital Management LLC now owns 190,284 shares of the credit services provider’s stock valued at $13,735,000 after acquiring an additional 35,108 shares during the last quarter. Hedge funds and other institutional investors own 57.91% of the company’s stock.

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About Federal Agricultural Mortgage (NYSE:AGM)

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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