ClearAlpha Technologies LP Sells 990 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

ClearAlpha Technologies LP reduced its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 35.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,773 shares of the credit services provider’s stock after selling 990 shares during the period. ClearAlpha Technologies LP’s holdings in Federal Agricultural Mortgage were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Federal Agricultural Mortgage during the 2nd quarter worth $36,000. Fifth Third Bancorp raised its stake in Federal Agricultural Mortgage by 160.5% during the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 321 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Federal Agricultural Mortgage in the second quarter worth about $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at approximately $181,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at approximately $205,000. 68.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The trade was a 10.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $204.69, for a total transaction of $307,035.00. Following the sale, the director now directly owns 11,060 shares of the company’s stock, valued at $2,263,871.40. This represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,467 shares of company stock valued at $1,455,622 in the last ninety days. 2.58% of the stock is currently owned by insiders.

Federal Agricultural Mortgage Stock Up 1.0 %

Shares of AGM opened at $213.47 on Monday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.92 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52 week low of $164.77 and a 52 week high of $217.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a fifty day moving average of $193.60 and a 200-day moving average of $188.70.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same quarter in the prior year, the business posted $4.13 earnings per share. As a group, sell-side analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $1.40 per share. The ex-dividend date is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.62%. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Company 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.