SG Americas Securities LLC Invests $101,000 in Farmland Partners Inc. (NYSE:FPI)

SG Americas Securities LLC bought a new position in Farmland Partners Inc. (NYSE:FPI) during the second quarter, according to its most recent filing with the SEC. The firm bought 8,789 shares of the financial services provider’s stock, valued at approximately $101,000.

Several other hedge funds have also bought and sold shares of the business. Annex Advisory Services LLC boosted its position in shares of Farmland Partners by 33.1% during the second quarter. Annex Advisory Services LLC now owns 52,305 shares of the financial services provider’s stock valued at $603,000 after buying an additional 13,012 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Farmland Partners by 11.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,286 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Farmland Partners during the 1st quarter worth $35,000. Gamco Investors INC. ET AL grew its stake in shares of Farmland Partners by 11.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 62,390 shares of the financial services provider’s stock worth $693,000 after acquiring an additional 6,450 shares in the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of Farmland Partners by 68.9% in the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,959 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Stock Up 0.4 %

Shares of NYSE:FPI opened at $10.22 on Tuesday. The firm has a market capitalization of $492.27 million, a PE ratio of 20.04 and a beta of 0.71. The company has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $10.95. Farmland Partners Inc. has a twelve month low of $9.70 and a twelve month high of $13.12.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $11.45 million for the quarter, compared to the consensus estimate of $11.84 million. Farmland Partners had a net margin of 36.89% and a return on equity of 3.97%. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Analysts anticipate that Farmland Partners Inc. will post 0.19 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.24 annualized dividend and a dividend yield of 2.35%. Farmland Partners’s payout ratio is currently 47.06%.

Insider Activity

In related news, Director John A. Good bought 24,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $10.15 per share, with a total value of $243,600.00. Following the completion of the purchase, the director now directly owns 86,465 shares of the company’s stock, valued at approximately $877,619.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.

Farmland Partners Company Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.