Federal Agricultural Mortgage Co. (NYSE: AGM) benefited from a sharp increase in short-term interest in November. As of November 15, there was short interest totaling 119,600 shares, an increase of 20.8% from the total of 99,000 shares as of October 31. About 1.3% of the company’s shares are sold short. Based on an average daily volume of 34,400 shares, the short-term interest rate is currently 3.5 days.
The NYSE AGA traded down $ 3.41 during trading hours on Friday, reaching $ 121.25. The company had a trading volume of 28,046 shares, compared to an average volume of 32,467. The Federal Farm Mortgage has a fifty-two week low of $ 70.25 and a fifty-two week high of 137.01 $. The company has a market cap of $ 1.31 billion, a price-to-earnings ratio of 12.27 and a beta of 1.01. The company has a debt to equity ratio of 1.44, a current ratio of 0.45, and a quick ratio of 0.44. The company’s 50-day moving average is $ 122.27 and its 200-day moving average is $ 107.35.
Federal Agricultural Mortgage (NYSE: AGM) last reported quarterly results on Monday, November 8. The credit services provider reported earnings per share (EPS) of $ 2.55 for the quarter, missing the consensus estimate of $ 2.62 of ($ 0.07). Federal Agricultural Mortgage had a net margin of 28.63% and a return on equity of 18.58%. The company reported sales of $ 56.80 million in the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 31. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.88. The ex-dividend date is Tuesday, December 14. This represents a dividend of $ 3.52 on an annualized basis and a return of 2.90%. Federal Agricultural Mortgage’s payout ratio is currently 35.56%.
Major investors have recently bought and sold shares in the company. Nuveen Asset Management LLC strengthened its position in Federal Agricultural Mortgage by 4.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 155,036 shares of the credit service provider valued at $ 15,333,000 after purchasing an additional 7,182 shares in the last quarter. Invesco Ltd. strengthened its position in Federal Agricultural Mortgage by 2.4% in the second quarter. Invesco Ltd. now owns 47,564 shares of the credit services provider valued at $ 4,704,000 after purchasing an additional 1,095 shares in the last quarter. Hotchkis & Wiley Capital Management LLC strengthened its position in Federal Agricultural Mortgage by 6.3% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 71,077 shares of the credit service provider valued at $ 7,030,000 after purchasing an additional 4,200 shares in the last quarter. Cambridge Investment Research Advisors Inc. strengthened its position 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 purchasing an additional 1,195 shares in the last quarter. Finally, JPMorgan Chase & Co. strengthened its position in Federal Agricultural Mortgage by 19.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,280 shares of the credit services provider valued at $ 2,402,000 after purchasing an additional 3,908 shares in the last quarter. 65.00% of the capital is held by institutional investors.
Separately, TheStreet raised the federal farm mortgage from a “c” note to a “b-” note in a report released on Wednesday, November 3.
About the Federal Farm Mortgage
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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