Insider Selling: Cosan (NYSE:CSAN) Insider Sells $198,376.00 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 36,200 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $5.48, for a total value of $198,376.00. Following the transaction, the insider owned 2,165,936 shares in the company, valued at $11,869,329.28. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Maria Rita De Carvalh Drummond also recently made the following trade(s):

• On Friday, April 17th, Maria Rita De Carvalh Drummond sold 37,400 shares of Cosan stock. The shares were sold at an average price of $5.48, for a total value of $204,952.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The stock was sold at an average price of $5.57, for a total value of $199,406.00.

Cosan Stock Down 3.0%

Shares of CSAN opened at $3.37 on Friday. The business’s 50 day simple moving average is $4.02 and its 200-day simple moving average is $4.35. Cosan S.A. Sponsored ADR has a one year low of $3.25 and a one year high of $6.25. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The company has a market capitalization of $3.34 billion, a P/E ratio of -1.37 and a beta of 0.82.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.The firm had revenue of $1.74 billion for the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Verus Capital Partners LLC raised its position in shares of Cosan by 20.0% during the 4th quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock valued at $71,000 after acquiring an additional 3,000 shares during the last quarter. Jane Street Group LLC raised its position in shares of Cosan by 4.2% during the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after acquiring an additional 3,866 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cosan by 40.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,753 shares of the company’s stock valued at $58,000 after acquiring an additional 4,255 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Cosan by 27.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 27,416 shares of the company’s stock valued at $126,000 after acquiring an additional 5,856 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Cosan by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock valued at $810,000 after acquiring an additional 7,739 shares during the last quarter.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.