Gables Capital Management Inc. Invests $40,000 in Farmland Partners Inc. $FPI

Gables Capital Management Inc. bought a new position in Farmland Partners Inc. (NYSE:FPI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,500 shares of the financial services provider’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPI. GAMMA Investing LLC increased its holdings in Farmland Partners by 2,102.9% during the 1st quarter. GAMMA Investing LLC now owns 9,076 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 8,664 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Farmland Partners by 92.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,985 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 18,207 shares in the last quarter. Taylor Frigon Capital Management LLC increased its holdings in Farmland Partners by 2.2% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 122,949 shares of the financial services provider’s stock valued at $1,371,000 after purchasing an additional 2,687 shares in the last quarter. Arbor Capital Management Inc. ADV increased its holdings in Farmland Partners by 3.2% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 34,382 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Farmland Partners by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 167,330 shares of the financial services provider’s stock valued at $1,866,000 after purchasing an additional 12,358 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Stock Performance

NYSE FPI opened at $10.18 on Thursday. The stock has a fifty day moving average of $10.72 and a 200-day moving average of $10.78. The stock has a market capitalization of $456.96 million, a P/E ratio of 8.34 and a beta of 0.89. Farmland Partners Inc. has a 52 week low of $9.66 and a 52 week high of $12.87.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $6.02 million during the quarter, compared to analyst estimates of $9.50 million. Farmland Partners had a net margin of 127.59% and a return on equity of 14.18%. Equities research analysts forecast that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FPI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Farmland Partners in a report on Wednesday, October 8th. Wall Street Zen cut Farmland Partners from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.