Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Announces $0.63 Annual Dividend

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) declared an annual dividend on Tuesday, November 18th. Shareholders of record on Friday, November 28th will be given a dividend of 0.6293 per share on Wednesday, December 10th. This represents a yield of 530.0%. The ex-dividend date of this dividend is Friday, November 28th.

Cresud S.A.C.I.F. y A. Price Performance

Shares of NASDAQ:CRESY traded down $0.01 during midday trading on Wednesday, hitting $11.84. The company’s stock had a trading volume of 72,831 shares, compared to its average volume of 239,477. The company has a market cap of $747.78 million, a P/E ratio of 10.30 and a beta of 1.07. The business’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $10.71. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 1.24.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.42 EPS for the quarter. The firm had revenue of $239.85 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after acquiring an additional 6,679 shares during the last quarter. Ridgewood Investments LLC grew its holdings in Cresud S.A.C.I.F. y A. by 920.0% in the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock valued at $56,000 after buying an additional 4,600 shares during the period. Deuterium Capital Management LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $114,000. Russell Investments Group Ltd. lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 6.8% during the 1st quarter. Russell Investments Group Ltd. now owns 107,309 shares of the company’s stock worth $1,186,000 after acquiring an additional 6,837 shares during the period. Finally, GMT Capital Corp acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the first quarter worth approximately $11,342,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.