Federal Agricultural Mortgage Corp. (AGM) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Federal Agricultural Mortgage Corp.. Federal Agricultural Mortgage Corp. was Downgraded by Keefe Bruyette to ” Mkt Perform” on Mar 11, 2016.
Federal Agricultural Mortgage Corp. opened for trading at $41.67 and hit $45.48 on the upside on Tuesday, eventually ending the session at $43.5, with a gain of 4.32% or 1.8 points. The heightened volatility saw the trading volume jump to 1,29,895 shares. Company has a market cap of $452 M.
In a different news, on Aug 27, 2015, James B. Mcelroy (director) purchased 100 shares at $24.00 per share price. According to the SEC, on Jun 4, 2015, Mitchell A Johnson (director) sold 2,000 shares at $31.55 per share price. On May 20, 2015, Tom D Stenson (Chief Operating Officer) sold 23,878 shares at $32.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. Farmer Mac operates through four lines of business: Farm & Ranch the United States Department of Agriculture (USDA) Guarantees Rural Utilities and Institutional Credit. Under the Farm & Ranch line of business Farmer Mac purchases mortgage loans on agricultural real estate and rural housing. Under the USDA Guarantees business Farmer Mac II LLC a subsidiary of Farmer Mac purchases agricultural rural development business and industry and community facilities loans guaranteed by the USDA. Under the Rural Utilities business Farmer Mac purchases and guarantees securities backed by rural utilities loans. Under the Institutional Credit line of business Farmer Mac purchases or guarantees general obligations of institutions approved by Farmer Mac. The Company markets its guarantees of securities under the AgVantage brand name.