I initiated a position in Federal Agricultural Mortgage Corporation (AGM) preferreds, specifically series F, due to an attractive yield and relative value. AGM preferreds currently offer a yield north of 6.8%, about 2% above the 30-year Treasury, with spreads wider than historical norms. I see the recent spread as a sentiment-driven opportunity, not a sign of fundamental stress, given the farm sector's low leverage and AGM's strong loan-to-value metrics.
Farmer Mac delivered strong Q3 results, with net interest income up 13% and robust dividend coverage. AGM maintains manageable loan loss provisions, supported by low loan-to-value ratios and resilient collateral monetization. I remain bullish on AGM common shares, citing attractive valuation, solid earnings, and ongoing share buybacks.
Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.43 per share. This compares to earnings of $4.1 per share a year ago.
| Software Industry | Information Technology Sector | Bo Zhu CEO | NASDAQ (CM) Exchange | G0132V121 CUSIP |
| HK Country | 10 Employees | - Last Dividend | 3 Jun 2025 Last Split | - IPO Date |
AGM Group Holdings Inc. is a prominent technology corporation that specializes in the development and distribution of cryptocurrency mining machines and standardized computing equipment. The company's operations are primarily spread across Hong Kong, Singapore, and Mainland China, showcasing its significant presence in the Asia-Pacific region. Founded in 2015, AGM Group Holdings Inc. positions itself as a key player in the technology sector, especially within the realms of cryptocurrency mining and financial trading solutions. Its headquarters are situated in Wan Chai, Hong Kong, acting as a central hub for its research, development, and business activities.
AGM Group Holdings Inc. offers a diverse range of products and services tailored to meet the demands of the financial technology and cryptocurrency mining industries. The company's portfolio includes: