Napatree Capital LLC Has $280,000 Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Napatree Capital LLC raised its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,423 shares of the credit services provider’s stock after acquiring an additional 91 shares during the period. Napatree Capital LLC’s holdings in Federal Agricultural Mortgage were worth $280,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners grew its stake in Federal Agricultural Mortgage by 3.8% in the fourth quarter. Boston Partners now owns 415,716 shares of the credit services provider’s stock valued at $81,813,000 after acquiring an additional 15,140 shares during the period. Thrivent Financial for Lutherans grew its stake in Federal Agricultural Mortgage by 1,589.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock valued at $70,114,000 after acquiring an additional 334,928 shares during the period. Principal Financial Group Inc. boosted its position in shares of Federal Agricultural Mortgage by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock valued at $65,777,000 after buying an additional 14,274 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Federal Agricultural Mortgage by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock valued at $58,654,000 after buying an additional 7,283 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Federal Agricultural Mortgage by 10.0% during the third quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock valued at $42,539,000 after buying an additional 20,603 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 0.7 %

Shares of NYSE:AGM opened at $191.19 on Friday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.69 and a beta of 1.11. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 12-month low of $169.17 and a 12-month high of $217.60. The business’s 50 day moving average is $197.67 and its 200 day moving average is $195.98.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same period last year, the company posted $4.10 earnings per share. On average, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.50 per share. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.47%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the sale, the director now directly owns 8,644 shares in the company, valued at $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aparna Ramesh sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the sale, the chief financial officer now owns 9,242 shares in the company, valued at approximately $1,865,590.12. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research report on Monday, February 24th.

About Federal Agricultural Mortgage

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.