Farmland Partners Inc. (NYSE:FPI) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 41.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,118 shares of the financial services provider’s stock after buying an additional 18,152 shares during the quarter. Jane Street Group LLC owned 0.13% of Farmland Partners worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Farmland Partners during the third quarter worth about $105,000. Point72 Asset Management L.P. acquired a new stake in Farmland Partners in the 3rd quarter worth approximately $111,000. MQS Management LLC acquired a new stake in Farmland Partners in the 2nd quarter worth approximately $134,000. D.A. Davidson & CO. grew its position in Farmland Partners by 11.3% during the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,182 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Farmland Partners by 22.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 2,183 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John A. Good acquired 15,000 shares of Farmland Partners stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $12.23 per share, for a total transaction of $183,450.00. Following the purchase, the director now owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.30% of the stock is owned by corporate insiders.

Farmland Partners Stock Performance

Farmland Partners stock opened at $11.88 on Friday. The business’s 50-day simple moving average is $12.11 and its two-hundred day simple moving average is $11.20. The company has a market cap of $572.30 million, a PE ratio of 42.43 and a beta of 0.70. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $12.85.

Farmland Partners Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be given a $1.15 dividend. The ex-dividend date is Monday, December 23rd. This is a positive change from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

About Farmland Partners

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.