Federal Agricultural Mortgage Co. (NYSE:AGM) is Weybosset Research & Management LLC’s 2nd Largest Position

Weybosset Research & Management LLC lowered its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,198 shares of the credit services provider’s stock after selling 3,634 shares during the quarter. Federal Agricultural Mortgage makes up 8.6% of Weybosset Research & Management LLC’s holdings, making the stock its 2nd largest position. Weybosset Research & Management LLC’s holdings in Federal Agricultural Mortgage were worth $22,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its position in Federal Agricultural Mortgage by 0.5% during the first quarter. Raymond James & Associates now owns 62,234 shares of the credit services provider’s stock worth $12,253,000 after acquiring an additional 319 shares during the last quarter. Applied Capital LLC FL purchased a new position in Federal Agricultural Mortgage in the 1st quarter worth approximately $719,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Federal Agricultural Mortgage by 63.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,225 shares of the credit services provider’s stock worth $9,101,000 after purchasing an additional 17,870 shares during the last quarter. Sunbelt Securities Inc. grew its position 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 valued at $40,000 after purchasing an additional 134 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the first quarter valued at approximately $208,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Down 0.7 %

NYSE AGM traded down $1.28 on Monday, reaching $189.75. 48,111 shares of the company were exchanged, compared to its average volume of 64,037. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average price is $186.70 and its 200 day moving average price is $177.54. The stock has a market capitalization of $2.06 billion, a P/E ratio of 12.00 and a beta of 1.07. Federal Agricultural Mortgage Co. has a fifty-two week low of $122.96 and a fifty-two week high of $199.40.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The firm had revenue of $354.15 million for the quarter, compared to analysts’ expectations of $86.86 million. During the same quarter in the previous year, the company posted $3.16 EPS. Analysts forecast that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.40 dividend. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.95%. Federal Agricultural Mortgage’s dividend payout ratio is 35.42%.

Federal Agricultural Mortgage 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.