Todd P. Ware, director at Farmer Mac, buys shares worth $12,391

Todd P. Ware, a director at Federal Agricultural Mortgage Corp (NYSE:AGM), also known as Farmer Mac, has recently made a purchase of the company's Class C Non-Voting Common Stock, investing a total of $12,391. The transactions, which took place on August 15, 2024, were executed within a price range between $184.804 and $185.22 per share.

The SEC filing reveals that Ware acquired a total of 67 shares across two separate transactions. The first transaction involved 23 shares at a price of $185.22 each, while the second transaction comprised 44 shares at $184.804 per share. Following these purchases, Ware's total holdings in Farmer Mac have increased, reflecting his continued investment in the company's stock.

The transactions were conducted during an open trading window, which is a period when employees and directors are permitted to trade the company's securities. It is noted that the acquired shares include 373 unvested restricted stock units which are expected to vest on March 31, 2025, provided that Ware remains a director of Farmer Mac at that time.

Investors often monitor the buying and selling activities of a company's directors as it may indicate the insiders' confidence in the firm's future performance. The purchase by Ware could be seen as a positive sign for those tracking investment cues from company executives.

The stock ticker for Federal Agricultural Mortgage Corp is listed on the New York Stock Exchange as NYSE:AGM.

In other recent news, Farmer Mac (the Federal Agricultural Mortgage Corporation) has reported a robust financial performance for Q2 2024. Despite challenging market conditions, the company secured a substantial new business volume of $1.5 billion and saw its revenues increase to $89 million. Farmer Mac's core earnings were reported at $39.8 million, even with a loss provision for a single loan and a minor loss from a loan sale.

The company's capital and liquidity positions remain strong, exceeding statutory requirements. Farmer Mac's engagement in the renewable energy sector has more than doubled over the past year, indicating a promising growth trajectory in this area.

These are among the latest developments for Farmer Mac, which has demonstrated financial resilience and strategic agility amidst market uncertainties. The company is also planning its fifth FARM series securitization transaction for later in the year. Farmer Mac's solid financial results, proactive capital management strategies, and commitment to renewable energy underscore its resilience and adaptability.

InvestingPro Insights

Following the recent insider purchase by Todd P. Ware, a director at Federal Agricultural Mortgage Corp (NYSE:AGM), there are several key metrics and InvestingPro Tips that can provide additional context to investors. The company, also known as Farmer Mac, currently has a market capitalization of $1.95 billion and boasts a track record of consistent dividend payments. According to InvestingPro, Farmer Mac has raised its dividend for 12 consecutive years and has maintained dividend payments for 21 consecutive years, which underscores its commitment to shareholder returns. This is particularly noteworthy for income-focused investors who prioritize steady dividend income.

From a valuation standpoint, Farmer Mac is trading at a price-to-earnings (P/E) ratio of 8.37, which is considered low relative to its near-term earnings growth, as indicated by the company's forward-looking PEG ratio of 0.62. This suggests that the company's stock may be undervalued based on its growth prospects. Additionally, the company's robust revenue growth of 14.64% over the last twelve months further solidifies its financial stability and potential for future expansion.

It's also important to note that despite some analysts revising their earnings estimates downwards for the upcoming period, Farmer Mac has been profitable over the last twelve months, and analysts predict the company will be profitable this year as well. This aligns with the positive sentiment that could be inferred from Ware's recent stock purchase.

For those seeking more in-depth analysis and additional InvestingPro Tips, there are currently seven more tips available on InvestingPro for Farmer Mac, which can be accessed at https://www.investing.com/pro/AGM. These tips could provide further insights into the company's performance and help investors make more informed decisions.

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