Militia Capital Management LLC Buys Shares of 16,000 Federal Agricultural Mortgage Corporation $AGM

Militia Capital Management LLC bought a new stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) in the 1st quarter, Holdings Channel reports. The institutional investor bought 16,000 shares of the credit services provider’s stock, valued at approximately $2,374,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its position in Federal Agricultural Mortgage by 640.0% during the fourth quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Federal Agricultural Mortgage during the first quarter worth $34,000. Farther Finance Advisors LLC lifted its stake in Federal Agricultural Mortgage by 53.6% during the fourth quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after purchasing an additional 74 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at $40,000. Finally, Advisory Services Network LLC bought a new position in shares of Federal Agricultural Mortgage in the 3rd quarter valued at $48,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock opened at $226.96 on Monday. Federal Agricultural Mortgage Corporation has a fifty-two week low of $136.57 and a fifty-two week high of $228.38. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $2.46 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.03 and a beta of 0.98. The company’s 50 day moving average price is $193.87 and its two-hundred day moving average price is $175.11.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.87 by $0.53. The firm had revenue of $125.01 million for the quarter, compared to analysts’ expectations of $113.51 million. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. On average, equities analysts forecast that Federal Agricultural Mortgage Corporation will post 20 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.60 per share. The ex-dividend date was Monday, June 15th. This represents a $6.40 dividend on an annualized basis and a yield of 2.8%. Federal Agricultural Mortgage’s payout ratio is currently 34.95%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods raised their price objective on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and an average target price of $228.00.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.