Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 4.1% during the third quarter, HoldingsChannel reports. The fund owned 1,328 shares of the credit services provider’s stock after selling 57 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Federal Agricultural Mortgage were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Federal Agricultural Mortgage in the 2nd quarter valued at approximately $36,000. Point72 DIFC Ltd lifted its holdings in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares during the period. Fifth Third Bancorp boosted its stake in shares of Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after buying an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Federal Agricultural Mortgage during the second quarter worth $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage during the second quarter worth $181,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $210.13 on Tuesday. The company has a market cap of $2.29 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60. The business has a fifty day moving average of $199.99 and a two-hundred day moving average of $191.46. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data 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). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The company had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same quarter last year, the business earned $4.13 EPS. As a group, analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the sale, the chief executive officer now owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mitchell A. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $211.10, for a total transaction of $211,100.00. Following the transaction, the director now directly owns 13,060 shares of the company’s stock, valued at approximately $2,756,966. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,573 shares of company stock valued at $1,808,561 in the last ninety days. Corporate insiders own 2.58% of the company’s stock.

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.