Farmland Partners Inc. (NYSE:FPI) Shares Purchased by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lifted its holdings in Farmland Partners Inc. (NYSE:FPI) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,754 shares of the financial services provider’s stock after acquiring an additional 6,138 shares during the quarter. Taylor Frigon Capital Management LLC owned 0.25% of Farmland Partners worth $1,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FPI. Accordant Advisory Group Inc increased its stake in shares of Farmland Partners by 56.9% in the third quarter. Accordant Advisory Group Inc now owns 812,976 shares of the financial services provider’s stock worth $8,496,000 after acquiring an additional 294,980 shares during the period. Massachusetts Financial Services Co. MA grew its position in Farmland Partners by 6.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,461,738 shares of the financial services provider’s stock valued at $39,914,000 after buying an additional 202,264 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Farmland Partners during the second quarter valued at $2,025,000. Los Angeles Capital Management LLC acquired a new stake in Farmland Partners during the second quarter valued at $1,853,000. Finally, Red Door Wealth Management LLC acquired a new stake in Farmland Partners during the first quarter valued at $444,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Insider Buying and Selling

In related news, Director John A. Good purchased 24,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $10.15 per share, for a total transaction of $243,600.00. Following the completion of the transaction, the director now directly owns 86,465 shares in the company, valued at approximately $877,619.75. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.

Farmland Partners Stock Up 0.2 %

Shares of NYSE FPI traded up $0.02 during trading on Thursday, hitting $11.19. The company had a trading volume of 58,732 shares, compared to its average volume of 322,917. The stock has a fifty day simple moving average of $10.44 and a two-hundred day simple moving average of $10.79. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.12. The firm has a market capitalization of $538.99 million, a price-to-earnings ratio of 21.90 and a beta of 0.70.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $11.45 million during the quarter, compared to analysts’ expectations of $11.84 million. Farmland Partners had a return on equity of 3.97% and a net margin of 36.89%. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, analysts anticipate that Farmland Partners Inc. will post 0.18 earnings per share for the current year.

Farmland Partners Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.