SG Americas Securities LLC Increases Stake in Farmland Partners Inc. (NYSE:FPI)

SG Americas Securities LLC increased its holdings in Farmland Partners Inc. (NYSE:FPI) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,704 shares of the financial services provider’s stock after purchasing an additional 2,651 shares during the quarter. SG Americas Securities LLC’s holdings in Farmland Partners were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Farmland Partners in the third quarter worth about $105,000. Point72 Asset Management L.P. purchased a new position in Farmland Partners in the 3rd quarter worth approximately $111,000. D.A. Davidson & CO. lifted its position in Farmland Partners by 11.3% in the third quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,182 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Farmland Partners during the third quarter valued at approximately $123,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Farmland Partners by 22.0% in the third quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 2,183 shares during the last quarter. 58.00% of the stock is owned by institutional investors.

Farmland Partners Stock Down 0.3 %

Shares of FPI stock opened at $11.80 on Friday. The firm has a market capitalization of $568.36 million, a price-to-earnings ratio of 42.14 and a beta of 0.69. The stock has a fifty day moving average of $11.87 and a 200 day moving average of $11.23. Farmland Partners Inc. has a 52 week low of $9.70 and a 52 week high of $12.85.

Farmland Partners Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $1.15 per share. The ex-dividend date was Monday, December 23rd. This is a boost from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s payout ratio is currently 85.71%.

Insiders Place Their Bets

In other Farmland Partners news, Director John A. Good purchased 15,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $12.23 per share, with a total value of $183,450.00. Following the transaction, the director now directly owns 101,465 shares in the company, valued at approximately $1,240,916.95. The trade was a 17.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Farmland Partners Company Profile

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.