The most recent Form 13F that Eagle Asset Management INC has filed with the Securities and Exchange Commission reveals that the company decreased its holdings of Federal Agricultural Mortgage Co (NYSE: AGM) during the third quarter. Following the sale of 1,922 shares during the period, the fund finished the quarter with 75,452 shares held by the credit services provider.
Eagle Asset Management INC held a 0.70 percent stake in Federal Agricultural Mortgage at the end of the most recent reporting period, valued at $7,480,000.
A number of other hedge funds have followed suit and decreased the total amount of money they have invested in the company.
During the second quarter, Lazard Asset Management LLC made a new investment in Federal Agricultural Mortgage amounting to approximately $26,000.
The company received this investment in its future.
During the third quarter, Larson Financial Group LLC increased its holdings in federal agricultural mortgages by purchasing a new position for a total investment of approximately $33,000.
During the second quarter, Captrust Financial Advisors achieved a 22.9% increase in the proportion of its assets composed of federal agricultural mortgages.
The most recent quarter saw Captrust Financial Advisors acquire 170 additional shares, bringing their total number of shares owned in the credit services provider’s company to 913, with an estimated $89,000.
This brings the total number of shares owned in the company to 913.
A 1,729.4% increase in the proportion of First Horizon Advisors INC’s portfolio that was invested in federal agricultural mortgages was achieved during the company’s second quarter of operations. First Horizon Advisors INC now has a total of 933 shares of the publicly traded company with a market cap of $91,000 after purchasing an additional 882 shares during the most recent quarter.
The market cap of the company is $91,000.
Last but certainly not least, the Great West Life Assurance Company of Canada increased the percentage of ownership it held in Federal Agricultural Mortgage by 32.0% during the first quarter of this year.
After purchasing an additional 237 shares during the most recent quarter, the Great West Life Assurance Company of Canada now has 978 shares in the credit services provider.
This brings the total number of shares the company owns to 978.
This brings the total value of these shares to $111,000, an increase of $742.
Institutional investors and hedge funds currently own a combined total of 66.13% of the company’s stock.
In other news, Director Dennis L.
Brack completed a transaction on November 23 that involved the sale of 600 shares of Federal Agricultural Mortgage stock.
This transaction was mentioned in our previous article.
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 total of 7,966 shares in the company.
At the moment, each share is worth approximately 1,001,644.84 dollars. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. 2.21 percent of the company’s total shares are owned privately by employees and other company insiders.
A few analyst papers have mentioned the Annual General Meeting (AGM). Seaport Research Ptn., in a research note dated January 23 and published that same day, reaffirmed its “buy” rating on shares of Federal Agricultural Mortgage and recommended investors do the same.
As a result of the deteriorating market s
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