Federal Agricultural Mortgage Co. (NYSE:AGM) Short Interest Notes

Federal Agricultural Mortgage Co. (NYSE:AGMGet the Badge) was attributed to a sharp decline in short-term interest rates in December. As of December 30th, there was short interest of 79,500 shares, a decrease of 5.8% from December 15th’s 84,400 shares. Based on the total trading volume of 38,100 shares, the day-to-cover ratio is 2.1 today. About 0.9% of the company’s stock is sold short.

Wall Street Analysts Forecast Growth

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Apart from, StockNews.com assumed coverage on Federal Agricultural Mortgage in a research report on Wednesday, October 12th. They set a “buy” target for the company.

Internal Activities

In other Federal Agricultural Mortgage news, Director Dennis L. Brack sold 600 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $125.74, for a total sale of $75,444.00. Following the purchase, the Director now directly owns 7,966 shares of the company’s stock, valued at $1,001,644.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Insiders own 2.21% of the company’s stock.

Federal Farm Mortgage Eligible Institutions

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the second quarter worth approximately $26,000. Larson Financial Group LLC acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter worth about $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter worth about $52,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Federal Agricultural Mortgage by 354.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 614 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 479 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at approximately $63,000. 66.13% of the stock is held by institutional investors.

Federal Farm Mortgage Rates Rise 1.8%

Share of Federal Agricultural mortgage broker opened at $123.93 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.34 billion, a P/E ratio of 9.32 and a beta of 1.00. Federal Farming Mortgage has a fifty-two week low of $90.38 and a 52-week high of $130.03. The business has a 50-day price of $120.01 and a 200-day price of $111.93.

Federal Farm Mortgage (NYSE:AGMGet the Badge) last issued its earnings data on Monday, November 7th. The credit services provider reported $3.07 earnings per share (EPS) for the quarter. The business had $72.05 million in revenue for the quarter. Federal Farming mortgages had a return on equity of 20.26% and a margin of 28.78%.

Federal Reserve Mortgage Loan Notice

The business also recently announced a quarterly dividend, which was paid on Friday, December 30. Investors of record on Thursday, December 15th were paid a $0.95 dividend. It pays a $3.80 dividend annually and yields 3.07%. The distribution date of this dividend is Wednesday, December 14th. Federal Agricultural Mortgage (DPR)’s dividend yield is currently 28.57%.

About the Federal Agricultural Mortgage

(Get the Badge)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates in four divisions: Agriculture & Livestock, USDA (United States Department of Agriculture) Certification, Rural Use, and Credit Institutions. The Farm & Ranch segment buys and maintains mortgage loans secured by first liens on agricultural land; secure qualified mortgage loans, and guarantee the payment of principal and interest on securities representing interests in or obligations secured by mortgage loan portfolios; and issue long-term mortgage sales contracts (LTSPC).

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