nVerses Capital LLC Increases Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

nVerses Capital LLC boosted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300 shares of the credit services provider’s stock after acquiring an additional 100 shares during the period. nVerses Capital LLC’s holdings in Federal Agricultural Mortgage were worth $56,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in shares of Federal Agricultural Mortgage by 194.2% during the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 134 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after buying an additional 321 shares during the period. Ridgewood Investments LLC bought a new stake in Federal Agricultural Mortgage during the 2nd quarter valued at approximately $108,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $181,000. Finally, Cetera Advisors LLC bought a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth approximately $205,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Down 2.5 %

Shares of Federal Agricultural Mortgage stock opened at $183.34 on Tuesday. Federal Agricultural Mortgage Co. has a 1 year low of $140.44 and a 1 year high of $217.60. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.64 and a beta of 1.04. The company has a 50-day moving average of $186.49 and a 200 day moving average of $185.55. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

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

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $1.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.05%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

Wall Street Analysts Forecast Growth

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.

Insider Activity

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were 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 in the company, valued at $868,133.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the transaction, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the transaction, the director now directly owns 4,595 shares in the company, valued at approximately $868,133.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,967 shares of company stock worth $729,487 over the last three months. 2.58% of the stock is currently owned by corporate insiders.

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: 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.