Yorktown Management & Research Co Inc Acquires Shares of 1,600 Federal Agricultural Mortgage Co. (NYSE:AGM)

Yorktown Management & Research Co Inc acquired a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,600 shares of the credit services provider’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AGM. AQR Capital Management LLC increased its holdings in shares of Federal Agricultural Mortgage by 35.0% in the second quarter. AQR Capital Management LLC now owns 15,252 shares of the credit services provider’s stock valued at $2,758,000 after purchasing an additional 3,957 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the second quarter valued at $2,292,000. SG Americas Securities LLC increased its holdings in shares of Federal Agricultural Mortgage by 121.1% in the third quarter. SG Americas Securities LLC now owns 3,181 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 1,742 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Federal Agricultural Mortgage by 13.0% in the third quarter. Inspire Investing LLC now owns 2,217 shares of the credit services provider’s stock valued at $415,000 after purchasing an additional 255 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Federal Agricultural Mortgage by 8.0% in the third quarter. Creative Planning now owns 5,563 shares of the credit services provider’s stock valued at $1,043,000 after purchasing an additional 410 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mitchell A. Johnson sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the sale, the director now owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the sale, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,573 shares of company stock valued at $1,808,561. 2.21% of the stock is owned by company insiders.

Federal Agricultural Mortgage Price Performance

NYSE:AGM opened at $196.77 on Wednesday. The firm’s fifty day moving average price is $200.16 and its two-hundred day moving average price is $194.67. The company has a market cap of $2.14 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.61 and a beta of 1.08. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60. The company has a debt-to-equity ratio of 1.58, 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, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the previous year, the firm posted $4.13 EPS. Equities analysts expect that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage 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.