9,245 Shares in Federal Agricultural Mortgage Corp. (AGM) Acquired by Prescott Group Capital Management L.L.C.
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.
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.
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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.
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