Federal Agricultural Mortgage Corp. (NYSE:AGM) Director James R. Engebretsen sold 500 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $79.97, for a total value of $39,985.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of AGM traded down $0.76 during mid-day trading on Friday, reaching $80.57. The company’s stock had a trading volume of 22,924 shares, compared to its average volume of 42,934. The business has a fifty day moving average of $78.06 and a 200 day moving average of $75.28. The company has a market cap of $870.15 million, a price-to-earnings ratio of 9.87 and a beta of 1.19. Federal Agricultural Mortgage Corp. has a 1 year low of $55.64 and a 1 year high of $84.16. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.95.
Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Thursday, August 1st. The credit services provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.14. The company had revenue of $55.79 million during the quarter. Federal Agricultural Mortgage had a return on equity of 20.01% and a net margin of 18.82%.
Several large investors have recently made changes to their positions in AGM. Nuveen Asset Management LLC purchased a new stake in shares of Federal Agricultural Mortgage during the second quarter worth $17,933,000. Copeland Capital Management LLC raised its holdings in shares of Federal Agricultural Mortgage by 20.0% during the second quarter. Copeland Capital Management LLC now owns 252,359 shares of the credit services provider’s stock worth $18,336,000 after acquiring an additional 42,026 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Federal Agricultural Mortgage by 685.6% during the second quarter. Citadel Advisors LLC now owns 28,329 shares of the credit services provider’s stock worth $2,058,000 after acquiring an additional 24,723 shares in the last quarter. Argent Capital Management LLC raised its holdings in shares of Federal Agricultural Mortgage by 51.2% during the second quarter. Argent Capital Management LLC now owns 43,711 shares of the credit services provider’s stock worth $3,176,000 after acquiring an additional 14,810 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Federal Agricultural Mortgage by 303.1% during the second quarter. JPMorgan Chase & Co. now owns 15,668 shares of the credit services provider’s stock worth $1,124,000 after acquiring an additional 11,781 shares in the last quarter. Institutional investors and hedge funds own 62.58% 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 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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