Ellsworth Advisors LLC Increases Stake in Federal Agricultural Mortgage Corporation $AGM

Ellsworth Advisors LLC increased its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,057 shares of the credit services provider’s stock after buying an additional 240 shares during the period. Ellsworth Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $761,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AGM. Ameriprise Financial Inc. purchased a new position in Federal Agricultural Mortgage in the 4th quarter worth about $357,000. Cetera Investment Advisers increased its stake in Federal Agricultural Mortgage by 5.0% in the 4th quarter. Cetera Investment Advisers now owns 2,626 shares of the credit services provider’s stock worth $517,000 after buying an additional 125 shares during the period. Focus Partners Wealth purchased a new position in Federal Agricultural Mortgage in the 4th quarter worth about $237,000. Jefferies Financial Group Inc. purchased a new position in Federal Agricultural Mortgage in the 4th quarter worth about $852,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Federal Agricultural Mortgage by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,202 shares of the credit services provider’s stock worth $1,025,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the stock a “market perform” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Federal Agricultural Mortgage currently has an average rating of “Hold” and an average target price of $217.00.

Federal Agricultural Mortgage Stock Up 0.4%

NYSE:AGM opened at $197.60 on Friday. Federal Agricultural Mortgage Corporation has a fifty-two week low of $159.64 and a fifty-two week high of $217.14. The stock has a market capitalization of $2.16 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.54 and a current ratio of 0.54. The company’s 50-day simple moving average is $188.74 and its 200-day simple moving average is $187.64.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.03. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. The business had revenue of $100.51 million for the quarter, compared to analysts’ expectations of $96.54 million. On average, equities analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.50 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.00 dividend on an annualized basis and a yield of 3.0%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 35.34%.

Insider Buying and Selling

In related news, insider Gregory Ramsey sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $206.71, for a total value of $310,065.00. Following the completion of the sale, the insider directly owned 3,085 shares in the company, valued at $637,700.35. This trade represents a 32.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Zachary Carpenter sold 293 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total transaction of $60,091.37. Following the completion of the sale, the executive vice president owned 10,532 shares of the company’s stock, valued at $2,160,007.88. This trade represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,017 shares of company stock worth $1,240,807 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Federal Agricultural Mortgage Company 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.