Hedge Funds Are Crazy About Federal Agricultural Mortgage Corp. (AGM)

Now, specific money managers have jumped into Federal Agricultural Mortgage Corp. (NYSE:AGM) headfirst. Arrowstreet Capital created the most valuable position in Federal Agricultural Mortgage Corp. (NYSE:AGM) which had $1.2 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also made a $0.2 million investment in the stock during the quarter. The only other fund with a brand new AGM position is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Federal Agricultural Mortgage Corp. (NYSE:AGM) but similarly valued. These stocks are Suffolk Bancorp (NYSE:SCNB), Lindblad Expeditions Holdings Inc (NASDAQ:LIND), DXP Enterprises Inc (NASDAQ:DXPE), and AAC Holdings Inc (NYSE:AAC). This group of stocks’ market valuations are similar to AGM’s market valuation.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $45 million. That figure was $17 million in AGM’s case. Lindblad Expeditions Holdings Inc (NASDAQ:LIND) is the most popular stock in this table. On the other hand AAC Holdings Inc (NYSE:AAC) is the least popular one with only 6 bullish hedge fund positions. Federal Agricultural Mortgage Corp. (NYSE:AGM) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard LIND might be a better candidate to consider taking a long position in.

Disclosure: None