75,915 Shares in Federal Agricultural Mortgage Corporation $AGM Acquired by Ratan Capital Management LP

Ratan Capital Management LP purchased a new stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 75,915 shares of the credit services provider’s stock, valued at approximately $454,000.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in shares of Federal Agricultural Mortgage by 640.0% in the 4th quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock valued at $32,000 after buying an additional 160 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Federal Agricultural Mortgage in the 1st quarter valued at $34,000. Farther Finance Advisors LLC grew its position in shares of Federal Agricultural Mortgage by 53.6% in the 4th quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock valued at $37,000 after buying an additional 74 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Federal Agricultural Mortgage during the 4th quarter worth $40,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Down 0.0%

Shares of NYSE:AGM opened at $222.58 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $2.41 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.83 and a beta of 0.98. Federal Agricultural Mortgage Corporation has a 1-year low of $136.57 and a 1-year high of $248.29. The firm has a fifty day moving average price of $213.63 and a 200 day moving average price of $183.30.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $4.87 by $0.53. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. The business had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $113.51 million. Sell-side analysts predict that Federal Agricultural Mortgage Corporation will post 20.72 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 34.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Federal Agricultural Mortgage from $228.00 to $255.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Zacks Research raised Federal Agricultural Mortgage from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Federal Agricultural Mortgage currently has an average rating of “Buy” and a consensus target price of $255.00.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.