GSA Capital Partners LLP Purchases 3,201 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

GSA Capital Partners LLP increased its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 61.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,399 shares of the credit services provider’s stock after buying an additional 3,201 shares during the quarter. GSA Capital Partners LLP owned 0.08% of Federal Agricultural Mortgage worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Federal Agricultural Mortgage in the 4th quarter worth approximately $18,283,000. Quadrature Capital Ltd lifted its position in Federal Agricultural Mortgage by 49.6% in the fourth quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock valued at $2,669,000 after purchasing an additional 4,628 shares during the last quarter. Victory Capital Management Inc. lifted its position in Federal Agricultural Mortgage by 111.3% in the fourth quarter. Victory Capital Management Inc. now owns 8,752 shares of the credit services provider’s stock valued at $1,674,000 after purchasing an additional 4,611 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Federal Agricultural Mortgage in the first quarter valued at approximately $2,141,000. Finally, AdvisorShares Investments LLC bought a new stake in Federal Agricultural Mortgage in the fourth quarter valued at approximately $3,414,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Up 0.7 %

AGM stock traded up $1.25 during midday trading on Wednesday, hitting $184.33. The company had a trading volume of 5,646 shares, compared to its average volume of 58,477. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. Federal Agricultural Mortgage Co. has a 52 week low of $140.44 and a 52 week high of $199.40. The stock’s 50 day moving average price is $178.11 and its 200 day moving average price is $183.49. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.55 and a beta of 1.03.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, beating analysts’ consensus estimates of $3.94 by $0.02. The company had revenue of $403.63 million during the quarter, compared to the consensus estimate of $92.22 million. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. During the same quarter in the prior year, the company earned $3.56 earnings per share. As a group, equities research analysts expect that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.40 per share. The ex-dividend date was Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.04%. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $212.00 price objective (down previously from $225.00) on shares of Federal Agricultural Mortgage in a research report on Wednesday, May 8th.

Federal Agricultural Mortgage 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.