Orion Portfolio Solutions LLC Sells 125 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Orion Portfolio Solutions LLC lowered its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,988 shares of the credit services provider’s stock after selling 125 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Federal Agricultural Mortgage were worth $373,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AGM. nVerses Capital LLC bought a new stake in Federal Agricultural Mortgage in the second quarter worth approximately $36,000. Point72 DIFC Ltd increased its stake in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after acquiring an additional 234 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Federal Agricultural Mortgage by 160.5% during the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after acquiring an additional 321 shares during the period. Ridgewood Investments LLC bought a new position in Federal Agricultural Mortgage during the second quarter worth $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Federal Agricultural Mortgage in the second quarter worth $181,000. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM opened at $199.41 on Thursday. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60. The firm has a market capitalization of $2.17 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.95 and a beta of 1.07. The firm’s 50-day moving average price is $200.51 and its 200-day moving average price is $191.70. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The firm had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. During the same quarter in the prior year, the firm earned $4.13 EPS. Equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.81%. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

Insider Activity at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the transaction, the chief executive officer now directly owns 41,104 shares in the company, valued at approximately $8,770,360.48. The trade was a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitchell A. Johnson sold 1,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $208.00, for a total transaction of $208,000.00. Following the completion of the sale, the director now owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,573 shares of company stock valued at $1,808,561. 2.58% of the stock is owned by corporate insiders.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.