ClearAlpha Technologies LP Has $332,000 Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

ClearAlpha Technologies LP reduced its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 35.8% in the third quarter, HoldingsChannel reports. The firm owned 1,773 shares of the credit services provider’s stock after selling 990 shares during the period. ClearAlpha Technologies LP’s holdings in Federal Agricultural Mortgage were worth $332,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Federal Agricultural Mortgage by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,653 shares of the credit services provider’s stock valued at $2,492,000 after acquiring an additional 414 shares in the last quarter. Comerica Bank increased its stake in Federal Agricultural Mortgage by 6.4% in the first quarter. Comerica Bank now owns 2,552 shares of the credit services provider’s stock valued at $502,000 after purchasing an additional 154 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage during the first quarter valued at about $205,000. SG Americas Securities LLC boosted its position in shares of Federal Agricultural Mortgage by 9.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,439 shares of the credit services provider’s stock worth $260,000 after purchasing an additional 128 shares in the last quarter. Finally, Ellsworth Advisors LLC grew its stake in shares of Federal Agricultural Mortgage by 6.3% in the 2nd quarter. Ellsworth Advisors LLC now owns 3,421 shares of the credit services provider’s stock valued at $619,000 after buying an additional 203 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mitchell A. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 $2,756,966. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the sale, the director now directly owns 3,225 shares of the company’s stock, valued at $595,173.75. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,467 shares of company stock valued at $1,455,622. Corporate insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $215.00 price target on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Performance

NYSE AGM opened at $213.47 on Monday. The company has a market cap of $2.32 billion, a P/E ratio of 13.73, a PEG ratio of 1.92 and a beta of 1.04. The company has a fifty day simple moving average of $193.60 and a 200 day simple moving average of $188.70. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 12-month low of $164.77 and a 12-month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period last year, the business posted $4.13 earnings per share. Sell-side 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $1.40 per share. The ex-dividend date is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a yield of 2.62%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 36.01%.

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.