Dark Forest Capital Management LP Sells 540 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Dark Forest Capital Management LP trimmed its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,610 shares of the credit services provider’s stock after selling 540 shares during the quarter. Dark Forest Capital Management LP’s holdings in Federal Agricultural Mortgage were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth about $24,137,000. Boston Partners increased its position in Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after purchasing an additional 36,560 shares during the period. American Century Companies Inc. lifted its holdings in Federal Agricultural Mortgage by 25.7% in the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after buying an additional 36,380 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Federal Agricultural Mortgage by 63.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,225 shares of the credit services provider’s stock worth $9,101,000 after acquiring an additional 17,870 shares during the period. Finally, AdvisorShares Investments LLC bought a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $3,414,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $184.97 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.65 and a beta of 1.04. The firm has a 50 day moving average price of $190.63 and a 200-day moving average price of $186.20. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). The company had revenue of $406.23 million during the quarter, compared to analysts’ expectations of $91.77 million. Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. During the same period in the prior year, the company posted $3.86 earnings per share. Equities research analysts forecast that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $5.60 annualized dividend and a dividend yield of 3.03%. Federal Agricultural Mortgage’s payout ratio is 34.15%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the transaction, the director now owns 4,595 shares of the company’s stock, valued at $868,133.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares in the company, valued at approximately $4,018,362.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $215.00 price target on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage 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.