Prescott Group Capital Management L.L.C. acquired a new position in Federal Agricultural Mortgage Corp. (NYSE:AGM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,245 shares of the credit services provider’s stock, valued at approximately $723,000.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at $240,000. Teacher Retirement System of Texas bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at $243,000. Affinity Investment Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at $260,000. Virtu KCG Holdings LLC bought a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $275,000. Finally, Bessemer Group Inc. bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at $313,000. Hedge funds and other institutional investors own 64.46% of the company’s stock.

A number of research firms recently commented on AGM. ValuEngine upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $86.00 price objective on shares of Federal Agricultural Mortgage in a research report on Friday, December 22nd.

Shares of Federal Agricultural Mortgage Corp. (NYSE AGM) opened at $75.11 on Monday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.36 and a quick ratio of 0.36. Federal Agricultural Mortgage Corp. has a 1 year low of $53.78 and a 1 year high of $82.97. The company has a market cap of $797.37, a price-to-earnings ratio of 12.95 and a beta of 1.22.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.11. Federal Agricultural Mortgage had a net margin of 23.05% and a return on equity of 14.81%. The business had revenue of $43.86 million during the quarter.

In related news, CFO Robert Dale Lynch sold 4,280 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $71.38, for a total value of $305,506.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Curtis Covington sold 575 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $74.29, for a total transaction of $42,716.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,355 shares of company stock valued at $456,418. Company insiders own 3.75% of the company’s stock.

WARNING: This piece was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://theolympiareport.com/2018/02/12/9245-shares-in-federal-agricultural-mortgage-corp-agm-acquired-by-prescott-group-capital-management-l-l-c.html.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

Want to see what other hedge funds are holding AGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Agricultural Mortgage Corp. (NYSE:AGM).

Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

Receive News & Ratings for Federal Agricultural Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.