Federal Agricultural Mortgage Corp (AGM): Sara Louise Faivre-davis , director of Federal Agricultural Mortgage Corp sold 1,900 shares on Jul 14, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $38.10 per share for a total value of $72,390.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Lowell Junkins (director) sold 2,000 shares at $38.75 per share price.On Jul 15, 2016, Dennis A Everson (director) sold 1,500 shares at $38.38 per share price.Also, On May 31, 2016, Timothy L Buzby (President and CEO) sold 3,235 shares at $36.01 per share price.On May 24, 2016, Chester J Culver (director) sold 1,000 shares at $36.67 per share price.
Federal Agricultural Mortgage Corp.: On Friday, Jul 15, 2016 heightened volatility was witnessed in Federal Agricultural Mortgage Corp. which led to swings in the share price. The shares opened for trading at $38.13 and hit $38.15 on the upside , eventually ending the session at $38.04, with a gain of 0.58% or 0.22 points. The heightened volatility saw the trading volume jump to 50,832 shares. The 52-week high of the share price is $45.48 and the company has a market cap of $398 M . The 52-week low of the share price is at $22.03.
Company has been under the radar of several Street Analysts.Federal Agricultural Mortgage Corp. is Downgraded by Compass Point to Neutral and the brokerage firm has set the Price Target at $40. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 12, 2016.Federal Agricultural Mortgage Corp. is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 11, 2016.
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.