Federal Agricultural Mortgage Co. (NYSE:AGM) Director Everett M. Dobrinski Buys 1,000 Shares

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Federal Agricultural Mortgage Co. (NYSE: AGM – Get Rating) Director Everett M. Dobrinski bought 1,000 shares in a trade on Wednesday, May 11. The shares were acquired at an average cost of $103.30 per share, with a total value of $103,300.00. Following the purchase, the director now owns 5,343 shares of the company, valued at approximately $551,931.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website.

Federal Agricultural Mortgage shares opened at $100.63 on Friday. Federal Agricultural Mortgage Co. has a 1-year low of $94.20 and a 1-year high of $137.01. The company has a market capitalization of $1.08 billion, a PE ratio of 9.06 and a beta of 0.93. The stock has a fifty-day moving average price of $111.17 and a 200-day moving average price of $119.88. The company has a debt ratio of 1.32, a current ratio of 0.44 and a quick ratio of 0.45.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last released results on Monday, May 9. The credit service provider reported EPS of $2.37 for the quarter, missing the consensus estimate of $2.59 per ($0.22). Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Wednesday, March 16 received a dividend of $0.95 per share. This represents a dividend of $3.80 on an annualized basis and a dividend yield of 3.78%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, March 15. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.20%.

AGM has been the subject of several recent research reports. Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a price target of $138.00 for the company in a Thursday, May 5 research note. TheStreet downgraded Federal Agricultural Mortgage from a “b-” rating to a “c” rating in a Friday, Feb. 11 report. Finally, StockNews.com picked up coverage from Federal Agricultural Mortgage in a Thursday, March 31 report. They have placed a “holding” rating on the stock.

A number of institutional investors have recently changed their positions within the AGM. Barclays PLC increased its holdings in Federal Agricultural Mortgage by 69.4% in the third quarter. Barclays PLC now owns 29,813 shares of the credit services provider worth $3,236,000 after acquiring a further 12,212 shares last quarter. Oppenheimer Asset Management Inc. bought a new position in Federal Agricultural Mortgage during the fourth quarter, valued at around $228,000. BlackRock Inc. increased its stake in Federal Agricultural Mortgage shares by 13.3% in Q3. BlackRock Inc. now owns 1,193,378 shares of the credit services provider valued at $129,506,000 after purchasing an additional 139,681 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Federal Agricultural Mortgage in the fourth quarter worth approximately $446,000. Finally, Empowered Funds LLC increased its holdings in Federal Agricultural Mortgage by 5.2% during the 4th quarter. Empowered Funds LLC now owns 4,464 shares of the credit service provider worth $553,000 after purchasing an additional 220 shares during the period. 65.92% of the shares are currently held by institutional investors and hedge funds.

Federal Agricultural Mortgage Corporation Profile (Get a rating)

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.

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