Federal Agricultural Mortgage Co. (NYSE: AGM) was the target of a significant increase in short-term interest in September. As of September 30, there was short interest totaling 132,500 shares, an increase of 40.8% from the total of 94,100 shares as of September 15. Based on an average trading volume of 30,700 shares, the short-term interest rate is currently 4.3 days. About 1.5% of the company’s shares are sold short.
Shares of Federal Agricultural Mortgage traded up $ 0.58 during trading on Friday, reaching $ 118.10. The stock had a trading volume of 65,087 shares, compared to its average volume of 41,570. The company has a market cap of $ 1.27 billion, a PE ratio of 12.58 and a beta of 1. 10. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt ratio of 1.66. The stock has a 50-day simple moving average of $ 103.77 and a 200-day simple moving average of $ 101.45. The federal farm mortgage has a one-year minimum of $ 62.57 and a one-year maximum of $ 120.60.
Federal Agricultural Mortgage (NYSE: AGM) last released its quarterly results on Wednesday, August 4. The credit services provider reported earnings per share of $ 2.77 for the quarter, beating Thomson Reuters consensus estimate of $ 2.54 by $ 0.23. The company reported sales of $ 55.66 million for the quarter. Federal Agricultural Mortgage had a return on equity of 19.64% and a net margin of 27.12%.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 30. Investors of record on Wednesday, September 15 received a dividend of $ 0.88. This represents an annualized dividend of $ 3.52 and a return of 2.98%. The ex-dividend date was Tuesday, September 14.
Hedge funds recently changed their positions in the title. Captrust Financial Advisors purchased a new stake in Federal Agricultural Mortgage in the first quarter valued at approximately $ 63,000. Empowered Funds LLC purchased a new stake in Federal Agricultural Mortgage in the second quarter for a value of approximately $ 243,000. Metropolitan Life Insurance Co NY increased its holdings in Federal Agricultural Mortgage by 99,800.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 2,997 shares of the credit service provider valued at $ 296,000 after acquiring an additional 2,994 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in Federal Agricultural Mortgage in the second quarter for a value of approximately $ 347,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Federal Agricultural Mortgage by 25.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,924 shares of the credit services provider valued at $ 586,000 after acquiring 1,195 additional shares in the last quarter. Institutional investors and hedge funds hold 65.48% of the company’s shares.
Profile of the Federal Farm Mortgage Corporation
Federal Agricultural Mortgage Corp. is a federally chartered, shareholder-owned company engaged in providing a secondary market for mortgages for agricultural real estate and rural housing, loans to rural utilities and loans guaranteed by the ministry of United States Agriculture. It combines private capital and public patronage to serve a public objective.
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