AlphaQuest LLC Has $261,000 Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

AlphaQuest LLC decreased its position in Farmland Partners Inc. (NYSE:FPI) by 61.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,211 shares of the financial services provider’s stock after selling 35,774 shares during the period. AlphaQuest LLC’s holdings in Farmland Partners were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. grew its position in shares of Farmland Partners by 9.2% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider’s stock worth $39,840,000 after buying an additional 284,000 shares during the period. Raymond James Financial Inc. acquired a new stake in Farmland Partners during the 4th quarter worth $3,490,000. Promus Capital LLC bought a new stake in shares of Farmland Partners during the 4th quarter valued at $56,000. Cornerstone Investment Partners LLC acquired a new position in shares of Farmland Partners in the 4th quarter valued at $191,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Farmland Partners by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,855 shares of the financial services provider’s stock worth $4,397,000 after purchasing an additional 3,564 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Farmland Partners Stock Up 1.8 %

Shares of FPI stock opened at $10.92 on Friday. The firm has a market capitalization of $500.93 million, a price-to-earnings ratio of 10.92 and a beta of 0.66. Farmland Partners Inc. has a 12-month low of $9.70 and a 12-month high of $12.87. The firm has a fifty day moving average of $11.60 and a 200-day moving average of $11.46.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Farmland Partners had a return on equity of 11.47% and a net margin of 102.89%. The company had revenue of $21.47 million for the quarter, compared to analyst estimates of $20.29 million. Research analysts expect that Farmland Partners Inc. will post 0.13 earnings per share for the current year.

Farmland Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.20%. Farmland Partners’s payout ratio is 24.00%.

Insider Activity at Farmland Partners

In other news, Director John A. Good acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $12.23 per share, for a total transaction of $183,450.00. Following the completion of the acquisition, the director now owns 101,465 shares in the company, valued at $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, February 28th.

Farmland Partners 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.