Farmland Partners Inc. (NYSE:FPI) Shares Sold by TAP Consulting LLC

11 Oct 2024, 14:42 by Jessica Moore · The Cerbat Gem

TAP Consulting LLC decreased its position in shares of Farmland Partners Inc. (NYSE:FPI – Free Report) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,305 shares of the financial services provider’s stock after selling 7,654 shares during the quarter. TAP Consulting LLC owned 0.26% of Farmland Partners worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FPI. Millburn Ridgefield Corp increased its position in shares of Farmland Partners by 6.9% during the 1st quarter. Millburn Ridgefield Corp now owns 15,719 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 1,017 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its holdings in shares of Farmland Partners by 1.0% during the second quarter. Taylor Frigon Capital Management LLC now owns 115,616 shares of the financial services provider’s stock worth $1,333,000 after purchasing an additional 1,119 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Farmland Partners by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,855 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,286 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Farmland Partners by 14.5% during the third quarter. Park Avenue Securities LLC now owns 13,241 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 1,679 shares during the period. Finally, EntryPoint Capital LLC raised its position in Farmland Partners by 68.9% in the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,959 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.

Check Out Our Latest Research Report on Farmland Partners

Insiders Place Their Bets

In other news, Director John A. Good acquired 24,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $10.15 per share, for a total transaction of $243,600.00. Following the completion of the acquisition, the director now directly owns 86,465 shares in the company, valued at $877,619.75. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 8.30% of the stock is currently owned by insiders.

Farmland Partners Price Performance

Farmland Partners stock traded up $0.09 during midday trading on Friday, hitting $10.70. 98,894 shares of the company were exchanged, compared to its average volume of 327,750. Farmland Partners Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.12. The company’s fifty day moving average price is $10.28 and its 200-day moving average price is $10.79. The company has a market cap of $515.42 million, a PE ratio of 32.15 and a beta of 0.70.

Farmland Partners (NYSE:FPI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Farmland Partners had a net margin of 36.89% and a return on equity of 3.97%. The firm had revenue of $11.45 million during the quarter, compared to the consensus estimate of $11.84 million. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, analysts expect that Farmland Partners Inc. will post 0.18 EPS for the current fiscal year.

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.24%. Farmland Partners’s dividend payout ratio (DPR) is presently 72.73%.

Farmland Partners Company Profile

(Free Report)

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.