Seizert Capital Partners LLC Takes $3.07 Million Position in Federal Agricultural Mortgage Corp. (AGM)
Seizert Capital Partners LLC bought a new position in shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,560 shares of the credit services provider’s stock, valued at approximately $3,072,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bowling Portfolio Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 72.9% during the 2nd quarter. Bowling Portfolio Management LLC now owns 21,264 shares of the credit services provider’s stock worth $1,903,000 after buying an additional 8,967 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $185,000. HGK Asset Management Inc. lifted its stake in shares of Federal Agricultural Mortgage by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 7,525 shares of the credit services provider’s stock worth $673,000 after buying an additional 1,222 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Federal Agricultural Mortgage by 4.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 90,239 shares of the credit services provider’s stock worth $8,075,000 after buying an additional 3,438 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $107,000. Institutional investors own 64.47% of the company’s stock.
NYSE AGM opened at $67.02 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.66. The stock has a market cap of $722.69 million, a PE ratio of 8.96 and a beta of 1.14. Federal Agricultural Mortgage Corp. has a 52-week low of $64.69 and a 52-week high of $99.11.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, December 13th.
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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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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