Federal Agricultural Mortgage Corporation (NYSE:AGM)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $78.22 and last traded at $77.13, with a volume of 36700 shares trading hands. The stock had previously closed at $76.22.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Federal Agricultural Mortgage in a research note on Thursday, September 21st.

The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.80. The stock has a market cap of $809.15, a PE ratio of 13.14 and a beta of 1.27.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.11. Federal Agricultural Mortgage had a net margin of 23.05% and a return on equity of 14.81%. The company had revenue of $43.86 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 14th. Federal Agricultural Mortgage’s dividend payout ratio is currently 19.35%.

In other Federal Agricultural Mortgage news, CEO Timothy L. Buzby sold 2,450 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $74.85, for a total value of $183,382.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis L. Brack sold 1,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $72.13, for a total transaction of $108,195.00. The disclosure for this sale can be found here. Insiders have sold 30,736 shares of company stock worth $2,261,817 in the last quarter. 3.75% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in Federal Agricultural Mortgage in the third quarter worth about $240,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $222,000. Affinity Investment Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $260,000. Virtu KCG Holdings LLC purchased a new stake in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $275,000. Finally, Voya Investment Management LLC grew its holdings in shares of Federal Agricultural Mortgage by 8.2% during the second quarter. Voya Investment Management LLC now owns 5,449 shares of the credit services provider’s stock valued at $353,000 after buying an additional 413 shares during the last quarter. Institutional investors and hedge funds own 63.94% of the company’s stock.

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About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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