Federal Agricultural Mortgage Corp. (AGM) Director Thomas William Hill Buys 300 Shares of Stock

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Federal Agricultural Mortgage Corp. (NYSE:AGM) Director Thomas William Hill purchased 300 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were purchased at an average price of $61.67 per share, for a total transaction of $18,501.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AGM traded down $2.70 on Friday, reaching $60.57. 24,855 shares of the company traded hands, compared to its average volume of 27,578. Federal Agricultural Mortgage Corp. has a 52-week low of $59.71 and a 52-week high of $99.11. The company has a market capitalization of $674.90 million, a PE ratio of 8.37 and a beta of 1.15. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.37 and a current ratio of 0.37.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, November 8th. The credit services provider reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.05. The company had revenue of $49.50 million during the quarter. Federal Agricultural Mortgage had a net margin of 20.12% and a return on equity of 15.39%.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Thursday, December 13th.

Hedge funds have recently made changes to their positions in the company. Bowling Portfolio Management LLC increased its position in shares of Federal Agricultural Mortgage by 72.9% during the 2nd quarter. Bowling Portfolio Management LLC now owns 21,264 shares of the credit services provider’s stock worth $1,903,000 after purchasing an additional 8,967 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at approximately $185,000. HGK Asset Management Inc. raised its holdings in Federal Agricultural Mortgage by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 7,525 shares of the credit services provider’s stock worth $673,000 after buying an additional 1,222 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter worth approximately $107,000. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Federal Agricultural Mortgage by 4.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 90,239 shares of the credit services provider’s stock worth $8,075,000 after buying an additional 3,438 shares during the period. Institutional investors own 57.91% of the company’s stock.

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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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.

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