Federal Agricultural Mortgage Corp (AGM): Timothy L Buzby , President and CEO of Federal Agricultural Mortgage Corp sold 1,319 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $42.75 per share for a total value of $56,387.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Stephen P Mullery (SVP – General Counsel) sold 1,840 shares at $41.34 per share price.On Sep 1, 2016, Mitchell A Johnson (director) sold 1,000 shares at $41.30 per share price.Also, On Aug 30, 2016, Timothy L Buzby (President and CEO) sold 2,950 shares at $40.75 per share price.On Aug 18, 2016, Chester J Culver (director) sold 3,975 shares at $40.25 per share price.
Shares of Federal Agricultural Mortgage Corp. (AGM) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -0.90% at $40.85 with 22,815 shares getting traded. Post opening the session at $41.58, the shares hit an intraday low of $40.78 and an intraday high of $41.74 and the price vacillated in this range throughout the day. The company has a market cap of $428 M and the number of outstanding shares has been calculated to be 1,04,70,435 shares. The 52-week high of Federal Agricultural Mortgage Corp. is $45.48 and the 52-week low is $24.95.
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.