During December at Federal Agricultural Mortgage Co., there was a sizeable reduction in the total amount of short interest recorded.
As of December 30, there were 79,500 shares available for a short sale; this represents a 5.8% decrease from the total of 84,400 shares that were available for a short sale on December 15. The days-to-cover ratio is 2.1, and this number was calculated based on an average trading volume of 38,100 shares. The ratio is determined by the days it takes to sell all the shares in circulation. Roughly 0.9% of the total number of outstanding shares in the company are sold short at any given time.
In related news regarding Federal Agricultural Mortgage, director Dennis L.
Brack conducted a transaction on November 23 that involved the sale of 600 shares of the company’s stock. This transaction was part of a larger transaction that occurred earlier that day. The shares were sold at an average price of 125.74 dollars each, which resulted in a total sale volume of stock worth 75,444 dollars. Following the completion of the transaction, the director will have a direct ownership stake in 7,966 shares of the company’s stock, each of which will be worth approximately $1,001,644.84 at the current market price. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. 2.21 company insiders own a percent of the total shares currently outstanding.
Separately, on October 12, a research study was published by StockNews.com. This marked the very first time that the website had covered the topic of Federal Agricultural Mortgages. They suggested that an interested party purchase the company.
In recent months, the company’s stock market has been the focus of activity from several major investors, who have been buying and selling shares.
Lazard Asset Management LLC spent approximately $26,000 during the second quarter to acquire a larger ownership stake in Federal Agricultural Mortgage. This acquisition occurred during the company’s second quarter. $33,000 was invested in Federal Agricultural Mortgage by Larson Financial Group LLC during the third quarter of the fiscal year.
A further investment of approximately $52,000 was made by Point72 Hong Kong Ltd.
In Federal Agricultural Mortgage during the third quarter, bringing the company’s total investment to approximately $52,000.
By making additional purchases of shares of Federal Agricultural Mortgage during the third quarter, Cary Street Partners Investment Advisory LLC was able to increase the size of its stock holdings by 354.8%. Following the acquisition of an additional 479 shares, Cary Street Partners Investment Advisory LLC acquired 614 shares of the company’s stock during the most recent quarter, giving it a market cap of $61,000.
Last but certainly not least, during the third quarter, Ensign Peak Advisors Inc.
Purchased a new position in Federal Agricultural Mortgage for approximately $63,000. This was the most recent investment that the company made.
At present, institutions own a total of 66.13% of the outstanding shares.
When trading started on Monday, a single stock in Federal Agricultural Mortgage was valued at $123.93 per share. The ratio of debt to equity comes in at 1.52, the ratio of current too quick is 0.46, and the ratio of quick to current also comes in at 0.46. The company has a price-to-earnings ratio of 9.32 and a beta value of 1.00, and its market capitalization is currently sitting at $1.34 billion. The current $90.38 for Federal Agricultural Mortgage represents the 52-week low for this security, while $130.03 represents the 52-week high for this investment. Currently, the price of a share of the company’s stock is trading at $120.01, higher than its 50-day moving average, and $111.93, lower than its 200-day moving average.
The most recent quarterly earnings report for Federal Agricultural Mortgage, which is traded on the NYSE under the ticker symbol AGM, was released to the public on Monday, November 7.
During the last fiscal quarter, the company that offered services connected to credit generated $3.07 per share earnings. The amount of $72.05 million in total revenue was recorded by the company for the period in question. The return on equity came in at 20.26 percent for Federal Agricultural Mortgage, while the company’s net margin was 28.78 percent.