Farmland Partners Inc. (NYSE:FPI) Shares Acquired by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC raised its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,754 shares of the financial services provider’s stock after acquiring an additional 6,138 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Farmland Partners were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Farmland Partners in the 1st quarter worth $35,000. EntryPoint Capital LLC boosted its position in shares of Farmland Partners by 68.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,959 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Farmland Partners in the 2nd quarter valued at about $101,000. Park Avenue Securities LLC acquired a new position in Farmland Partners during the first quarter worth about $117,000. Finally, MQS Management LLC acquired a new position in Farmland Partners during the second quarter worth $134,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director John A. Good purchased 24,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $10.15 per share, with a total value of $243,600.00. Following the completion of the purchase, the director now directly owns 86,465 shares in the company, valued at approximately $877,619.75. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 8.30% of the stock is owned by corporate insiders.

Farmland Partners Price Performance

NYSE:FPI traded up $0.02 during trading hours on Thursday, reaching $11.19. 58,732 shares of the company traded hands, compared to its average volume of 322,917. Farmland Partners Inc. has a 1-year low of $9.70 and a 1-year high of $13.12. The firm’s 50-day moving average is $10.44 and its 200-day moving average is $10.79. The stock has a market cap of $538.99 million, a P/E ratio of 21.90 and a beta of 0.70.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data 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 analyst estimates of $11.84 million. During the same period in the prior year, the firm earned ($0.02) EPS. As a group, research analysts predict that Farmland Partners Inc. will post 0.18 earnings per share for the current year.

Farmland Partners Company 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.