Entropy Technologies LP Invests $272,000 in Federal Agricultural Mortgage Corporation $AGM

Entropy Technologies LP acquired a new position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,400 shares of the credit services provider’s stock, valued at approximately $272,000.

Other large investors also recently bought and sold shares of the company. Boston Partners boosted its stake in Federal Agricultural Mortgage by 1.1% during the second quarter. Boston Partners now owns 420,637 shares of the credit services provider’s stock worth $80,137,000 after buying an additional 4,764 shares during the period. American Century Companies Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 11.0% in the 1st quarter. American Century Companies Inc. now owns 244,550 shares of the credit services provider’s stock worth $45,856,000 after acquiring an additional 24,289 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Federal Agricultural Mortgage by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 223,157 shares of the credit services provider’s stock worth $43,360,000 after purchasing an additional 3,550 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Federal Agricultural Mortgage by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,253 shares of the credit services provider’s stock valued at $19,924,000 after purchasing an additional 4,963 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Federal Agricultural Mortgage by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 52,345 shares of the credit services provider’s stock valued at $10,170,000 after purchasing an additional 657 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

AGM has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from $217.00 to $219.00 in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and a consensus price target of $219.00.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $172.96 on Thursday. The business’s 50-day moving average is $165.44 and its two-hundred day moving average is $181.15. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $1.89 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.82 and a beta of 0.95. Federal Agricultural Mortgage Corporation has a 1 year low of $155.00 and a 1 year high of $217.14.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.09. The business had revenue of $97.77 million during the quarter, compared to the consensus estimate of $100.94 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. Analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 15th. Federal Agricultural Mortgage’s payout ratio is 34.17%.

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: 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.