Militia Capital Management LLC Purchases New Position in Federal Agricultural Mortgage Corporation $AGM

Militia Capital Management LLC acquired a new position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,000 shares of the credit services provider’s stock, valued at approximately $1,187,000.

A number of other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP increased its stake in Federal Agricultural Mortgage by 124.0% in the first quarter. First Trust Advisors LP now owns 35,662 shares of the credit services provider’s stock valued at $5,290,000 after purchasing an additional 19,738 shares in the last quarter. First Wilshire Securities Management Inc. raised its holdings in Federal Agricultural Mortgage by 1.7% in the first quarter. First Wilshire Securities Management Inc. now owns 27,076 shares of the credit services provider’s stock worth $4,017,000 after purchasing an additional 460 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Federal Agricultural Mortgage by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 60,414 shares of the credit services provider’s stock worth $8,962,000 after purchasing an additional 478 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Federal Agricultural Mortgage by 14.2% during the first quarter. Sanctuary Advisors LLC now owns 4,377 shares of the credit services provider’s stock worth $649,000 after purchasing an additional 543 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Federal Agricultural Mortgage by 12.7% in the 1st quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock valued at $52,123,000 after buying an additional 39,702 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 1.1%

AGM stock opened at $205.69 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $2.23 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.96 and a beta of 0.99. Federal Agricultural Mortgage Corporation has a fifty-two week low of $136.57 and a fifty-two week high of $210.64. The business has a 50-day moving average of $189.01 and a 200-day moving average of $173.43.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. The business had revenue of $109.12 million for the quarter, compared to analyst estimates of $110.76 million. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%. On average, sell-side analysts anticipate that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $1.60 dividend. The ex-dividend date was Monday, June 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.1%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.82%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods lifted their target price on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.