GSA Capital Partners LLP Increases Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

GSA Capital Partners LLP lifted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 61.6% during the first quarter, Holdings Channel reports. The institutional investor owned 8,399 shares of the credit services provider’s stock after acquiring an additional 3,201 shares during the quarter. GSA Capital Partners LLP’s holdings in Federal Agricultural Mortgage were worth $1,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of Federal Agricultural Mortgage in the fourth quarter worth about $34,000. Sunbelt Securities Inc. boosted its stake in shares of Federal Agricultural Mortgage by 194.2% in the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Federal Agricultural Mortgage by 464.7% in the third quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock worth $44,000 after buying an additional 237 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Federal Agricultural Mortgage by 304.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock worth $50,000 after buying an additional 198 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Federal Agricultural Mortgage by 9.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock worth $134,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Federal Agricultural Mortgage Price Performance

NYSE AGM traded up $1.25 during trading hours on Wednesday, reaching $184.33. The company’s stock had a trading volume of 5,646 shares, compared to its average volume of 58,477. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.55 and a beta of 1.03. Federal Agricultural Mortgage Co. has a 1-year low of $140.44 and a 1-year high of $199.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50-day moving average is $178.11 and its two-hundred day moving average is $183.49.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share for the quarter, topping analysts’ consensus estimates of $3.94 by $0.02. The company had revenue of $403.63 million during the quarter, compared to analysts’ expectations 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 firm posted $3.56 EPS. On average, equities analysts predict that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

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

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.