Investors Asset Management of Georgia Inc. GA ADV Has $833,000 Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Investors Asset Management of Georgia Inc. GA ADV cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,230 shares of the credit services provider’s stock after selling 100 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Federal Agricultural Mortgage were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. acquired a new stake in Federal Agricultural Mortgage during the 4th quarter worth approximately $25,000. Point72 DIFC Ltd lifted its holdings in shares of Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after buying an additional 234 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $100,000. US Bancorp DE increased its position in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after acquiring an additional 75 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new position in Federal Agricultural Mortgage during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

NYSE AGM opened at $194.94 on Friday. The firm has a 50-day moving average price of $196.81 and a two-hundred day moving average price of $194.16. Federal Agricultural Mortgage Co. has a 12-month low of $169.17 and a 12-month high of $217.60. The company has a market capitalization of $2.12 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.62 and a beta of 1.08. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

Insider Activity at Federal Agricultural Mortgage

In related 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 sale, the chief executive officer now owns 41,104 shares in the company, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.58% of the stock is currently owned by corporate insiders.

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.