Federal Agricultural Mortgage Co. (NYSE:AGM) Brief Interest Update
Federal Agricultural Mortgage Co. (NYSE: AGM – Get a rating) was the target of strong short-term interest growth in September. As of September 30, there was short interest totaling 135,500 shares, a growth of 13.7% from the total of 119,200 shares as of September 15. About 1.5% of the stock’s shares are sold short. Based on an average daily trading volume of 28,400 shares, the day-to-cover ratio is currently 4.8 days.
Hedge Funds Weigh on Federal Farm Mortgage
A number of institutional investors have recently changed their positions within the AGM. Lazard Asset Management LLC bought a new position in Federal Agricultural Mortgage in the second quarter worth $26,000. Mascoma Wealth Management LLC bought a new position in Federal Agricultural Mortgage stock during Q1, valued at around $37,000. Mystic Asset Management Inc. acquired a new stake in Federal Agricultural Mortgage in Q4 for a value of approximately $42,000. Asset Dedication LLC bought a new stake in Federal Agricultural Mortgage in the first quarter for about $53,000. Finally, Captrust Financial Advisors increased its position in Federal Agricultural Mortgage by 22.9% during the second quarter. Captrust Financial Advisors now owns 913 shares of the credit service provider valued at $89,000 after acquiring an additional 170 shares in the last quarter. Institutional investors hold 66.73% of the company’s shares.
Analyst upgrades and downgrades
Separately, StockNews.com began covering Federal Agricultural Mortgage stocks in a Wednesday, Oct. 12, report. They issued a “buy” rating on the stock.
Federal Agricultural Mortgage Price Performance
Shares of Federal Agricultural Mortgage rose $0.26 during Tuesday’s trading, hitting $107.58. The stock had a trading volume of 26,743 shares, compared to an average volume of 30,498. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt ratio of 1.25. . Federal Agricultural Mortgage has a 12 month minimum of $90.38 and a 12 month maximum of $137.01. The company has a market capitalization of $1.16 billion, a price-earnings ratio of 8.68 and a beta of 0.95. The company’s 50-day moving average is $107.68 and its 200-day moving average is $104.35.
Federal Farm Mortgage (NYSE: AGM – Get a rating) last announced its results on Monday, August 8. The credit service provider reported earnings per share of $2.83 for the quarter. The company had revenue of $76.70 million for the quarter. Federal Agricultural Mortgage had a return on equity of 19.71% and a net margin of 31.96%.
Federal Farm Mortgage Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Thursday, September 15 received a dividend of $0.95 per share. The ex-dividend date was Wednesday, September 14. This represents an annualized dividend of $3.80 and a yield of 3.53%. The Federal Agricultural Mortgage payout rate is currently 30.74%.
About the Federal Farm Mortgage
The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first liens on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider the Federal Farm Mortgage, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and Federal Agricultural Mortgage didn’t make the list.
Although Federal Agricultural Mortgage currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here