AlphaQuest LLC Has $261,000 Stock Holdings in Farmland Partners Inc. (NYSE:FPI)

AlphaQuest LLC lowered its stake in Farmland Partners Inc. (NYSE:FPI) by 61.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,211 shares of the financial services provider’s stock after selling 35,774 shares during the period. AlphaQuest LLC’s holdings in Farmland Partners were worth $261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FPI. Global Alpha Capital Management Ltd. grew its stake in Farmland Partners by 9.2% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,387,769 shares of the financial services provider’s stock valued at $39,840,000 after purchasing an additional 284,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Farmland Partners in the fourth quarter valued at $3,490,000. Promus Capital LLC acquired a new position in Farmland Partners during the fourth quarter worth $56,000. Cornerstone Investment Partners LLC bought a new stake in Farmland Partners during the fourth quarter worth $191,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Farmland Partners by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,855 shares of the financial services provider’s stock valued at $4,397,000 after acquiring an additional 3,564 shares during the last quarter. Institutional investors own 58.00% of the company’s stock.

Insider Activity at Farmland Partners

In related news, Director John A. Good acquired 15,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $12.23 per share, with a total value of $183,450.00. Following the acquisition, the director now directly owns 101,465 shares of the company’s stock, valued at approximately $1,240,916.95. The trade was a 17.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is currently owned by corporate insiders.

Farmland Partners Price Performance

FPI opened at $10.92 on Friday. The business has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $11.46. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $12.87. The company has a market capitalization of $500.93 million, a PE ratio of 10.92 and a beta of 0.66.

Farmland Partners (NYSE:FPI) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Farmland Partners had a net margin of 102.89% and a return on equity of 11.47%. The business had revenue of $21.47 million for the quarter, compared to the consensus estimate of $20.29 million. Equities analysts anticipate that Farmland Partners Inc. will post 0.13 earnings per share for the current fiscal year.

Farmland Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.20%. Farmland Partners’s payout ratio is 24.00%.

Analyst Ratings Changes

Separately, StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, February 28th.

Farmland Partners Profile

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.