Federal Agricultural Mortgage (AGM) Sets New 52-Week High at $78.22
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.
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.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/federal-agricultural-mortgage-agm-sets-new-52-week-high-at-78-22/1774909.html.
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.
Receive News & Ratings for Federal Agricultural Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.