Federal Agricultural Mortgage (NYSE:AGM) updated on StockNews.com

Federal Farm Mortgage (NYSE: AGM – Get Appraised) was upgraded by StockNews.com investment analysts from a “hold” rating to a “buy” rating in a note to investors released Monday.

Separately, Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a price target of $138.00 for the company in a Thursday, May 5 research note.

AGM shares were down $3.25 on Monday, hitting $91.97. 45,062 shares of shares traded in hands, compared to its average volume of 30,876. The company has a leverage ratio of 1.32, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $992.82 million, a PE ratio of 8.28 and a beta of 0.93. The Federal Farm Mortgage has a 1 year minimum of $90.99 and a 1 year maximum of $137.01. The company’s fifty-day moving average is $104.39 and its 200-day moving average is $115.70.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last released its quarterly results on Monday, May 9. The credit service provider reported earnings per share (EPS) of $2.37 for the quarter. The company had revenue of $82.37 million for the quarter. Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%.

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In other Federal Agricultural Mortgage news, Director Everett M. Dobrinski purchased 1,000 shares of the company in a trade dated Wednesday, May 11. The stock was purchased at an average price of $103.30 per share, with a total value of $103,300.00. Following the completion of the purchase, the administrator now owns 5,343 shares of the company, valued at approximately $551,931.90. The transaction was disclosed in a document filed with the SEC, accessible via this link. 1.83% of the shares are held by insiders.

A number of hedge funds have recently changed their positions in AGM. CWM LLC bought a new position in Federal Agricultural Mortgage during the fourth quarter, valued at approximately $25,000. City State Bank bought a new position in Federal Agricultural Mortgage during the fourth quarter, valued at around $25,000. First Community Trust NA bought a new position in Federal Agricultural Mortgage during the fourth quarter, valued at approximately $25,000. Lazard Asset Management LLC bought a new position in Federal Agricultural Mortgage during the fourth quarter, valued at around $26,000. Finally, Mascoma Wealth Management LLC bought a new position in Federal Agricultural Mortgage during the first quarter, valued at around $37,000. 65.92% of the shares are held by institutional investors and hedge funds.

About the Federal Farm Mortgage (Get a rating)

The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first liens on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.

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