BNP Paribas Arbitrage SA reduced its holdings in Farmland Partners Inc. (NYSE:FPI) by 71.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,388 shares of the financial services provider’s stock after selling 8,605 shares during the period. BNP Paribas Arbitrage SA’s holdings in Farmland Partners were worth $41,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FPI. ClariVest Asset Management LLC acquired a new position in Farmland Partners in the second quarter valued at approximately $1,053,000. Russell Investments Group Ltd. increased its stake in Farmland Partners by 212.4% in the first quarter. Russell Investments Group Ltd. now owns 106,694 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 72,545 shares in the last quarter. BlackRock Inc. increased its stake in Farmland Partners by 3.1% in the first quarter. BlackRock Inc. now owns 2,022,021 shares of the financial services provider’s stock valued at $22,666,000 after purchasing an additional 60,669 shares in the last quarter. Jane Street Group LLC bought a new stake in Farmland Partners in the first quarter valued at approximately $365,000. Finally, Geode Capital Management LLC increased its stake in Farmland Partners by 6.2% in the first quarter. Geode Capital Management LLC now owns 518,646 shares of the financial services provider’s stock valued at $5,814,000 after purchasing an additional 30,090 shares in the last quarter. Institutional investors and hedge funds own 41.24% of the company’s stock.
In other news, Director John A. Good bought 5,825 shares of the firm’s stock in a transaction on Thursday, September 30th. The shares were purchased at an average cost of $12.10 per share, with a total value of $70,482.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 8,825 shares of company stock valued at $108,633 in the last quarter. Corporate insiders own 13.60% of the company’s stock.
Farmland Partners (NYSE:FPI) last posted its earnings results on Wednesday, August 4th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). Farmland Partners had a return on equity of 0.16% and a net margin of 6.19%. As a group, sell-side analysts predict that Farmland Partners Inc. will post -0.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, September 30th. Farmland Partners’s dividend payout ratio (DPR) is 333.33%.
Separately, Zacks Investment Research raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 5th.
Farmland Partners Profile
Farmland Partners, Inc operates as a real estate investment trust. The firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans.
Recommended Story: What is the quiet period?
Want to see what other hedge funds are holding FPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmland Partners Inc. (NYSE:FPI).
Receive News & Ratings for Farmland Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmland Partners and related companies with MarketBeat.com's FREE daily email newsletter.