Federal Agricultural Mortgage (AGM)

• Market cap: $2.17B
• 1 day: 0.12%
• 5 days: -4.74%
• 1 month: -1.11%
• 3 months: 8.82%
• 6 months: 14.27%
• Year to date: 6.71%
• 1 year: 8.55%
• 5 years: 130.99%
• 10 years: 589.46%
• Sector: Financials
• Industry: Federal & Federally-sponsored Credit Agencies

About: Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.

Employees: 185

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

70% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 20

12% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 73

6% more funds holding

Funds holding: 221 [Q2] → 235 (+14) [Q3]

3% more capital invested

Capital invested by funds: $1.35B [Q2] → $1.39B (+$37.1M) [Q3]

0.33% more ownership

Funds ownership: 80.35% [Q2] → 80.68% (+0.33%) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

50% less call options, than puts

Call options by funds: $6.8M | Put options by funds: $13.5M