Bridgeway Capital Management LLC Acquires 6,384 Shares of Federal Agricultural Mortgage Corporation $AGM

Bridgeway Capital Management LLC boosted its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 10.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,258 shares of the credit services provider’s stock after buying an additional 6,384 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Federal Agricultural Mortgage were worth $13,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Federal Agricultural Mortgage by 12,800.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock valued at $25,000 after acquiring an additional 128 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Federal Agricultural Mortgage during the first quarter valued at approximately $34,000. KBC Group NV lifted its position in Federal Agricultural Mortgage by 105.4% during the second quarter. KBC Group NV now owns 382 shares of the credit services provider’s stock valued at $74,000 after purchasing an additional 196 shares during the period. AlphaQuest LLC boosted its holdings in Federal Agricultural Mortgage by 106.3% in the first quarter. AlphaQuest LLC now owns 751 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 387 shares during the last quarter. Finally, Dakota Wealth Management purchased a new stake in Federal Agricultural Mortgage in the second quarter worth approximately $223,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $181.77 on Friday. The company has a market capitalization of $1.98 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.96 and a beta of 1.00. Federal Agricultural Mortgage Corporation has a 1-year low of $155.00 and a 1-year high of $212.24. The firm’s 50 day simple moving average is $166.18 and its two-hundred day simple moving average is $180.17. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.56 and a quick ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, beating the consensus estimate of $4.43 by $0.09. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. The firm had revenue of $97.77 million for the quarter, compared to the consensus estimate of $100.94 million. Research analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, December 15th. Federal Agricultural Mortgage’s payout ratio is presently 34.17%.

Analyst Upgrades and Downgrades

AGM has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from $217.00 to $219.00 in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $219.00.

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.