Federal Agricultural Mortgage (NYSE:AGM) Trading Up 6.6% – Time to Buy?

Federal Agricultural Mortgage Co. (NYSE:AGM) shares were up 6.6% during mid-day trading on Friday . The company traded as high as $206.15 and last traded at $208.50. Approximately 15,149 shares traded hands during trading, a decline of 52% from the average daily volume of 31,388 shares. The stock had previously closed at $195.67.

Federal Agricultural Mortgage Trading Up 4.3 %

The stock has a market cap of $2.22 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50-day moving average price of $196.81 and a 200-day moving average price of $194.16.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the transaction, the chief executive officer now directly owns 41,104 shares in the company, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning boosted its position in Federal Agricultural Mortgage by 8.0% during the third quarter. Creative Planning now owns 5,563 shares of the credit services provider’s stock valued at $1,043,000 after buying an additional 410 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at about $175,610,000. Riverwater Partners LLC lifted its stake in shares of Federal Agricultural Mortgage by 1.1% in the 3rd quarter. Riverwater Partners LLC now owns 11,530 shares of the credit services provider’s stock valued at $2,095,000 after acquiring an additional 122 shares during the last quarter. Pullen Investment Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 9.5% in the 3rd quarter. Pullen Investment Management LLC now owns 12,416 shares of the credit services provider’s stock valued at $2,327,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at about $358,000. Institutional investors own 68.03% 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.