Foundry Partners LLC Trims Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Foundry Partners LLC reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGMFree Report) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,335 shares of the credit services provider’s stock after selling 4,900 shares during the period. Foundry Partners LLC owned approximately 0.36% of Federal Agricultural Mortgage worth $6,069,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGM. Boston Partners lifted its position in shares of Federal Agricultural Mortgage by 2.2% during the second quarter. Boston Partners now owns 494,771 shares of the credit services provider’s stock worth $72,670,000 after purchasing an additional 10,698 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Federal Agricultural Mortgage by 1.4% during the second quarter. Principal Financial Group Inc. now owns 333,394 shares of the credit services provider’s stock worth $47,921,000 after purchasing an additional 4,534 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Federal Agricultural Mortgage by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 254,993 shares of the credit services provider’s stock worth $36,653,000 after purchasing an additional 22,562 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Federal Agricultural Mortgage by 3.1% during the second quarter. Geode Capital Management LLC now owns 183,324 shares of the credit services provider’s stock worth $26,351,000 after purchasing an additional 5,442 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Federal Agricultural Mortgage by 4.5% during the second quarter. Northern Trust Corp now owns 113,521 shares of the credit services provider’s stock worth $16,318,000 after purchasing an additional 4,905 shares during the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Up 2.6 %

Shares of AGM stock traded up $4.83 during trading hours on Monday, hitting $188.83. 5,570 shares of the company were exchanged, compared to its average volume of 47,348. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.46 and a current ratio of 0.46. Federal Agricultural Mortgage Co. has a one year low of $122.10 and a one year high of $198.17. The business’s 50-day simple moving average is $183.47 and its two-hundred day simple moving average is $168.87. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 11.92 and a beta of 1.10.

Federal Agricultural Mortgage Company Profile

(Free Report)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. 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.

Further Reading

Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

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