Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock: Insider Alejandro Gustavo Elsztain Buys 15,000 Shares

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain acquired 15,000 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were bought at an average price of $3.48 per share, for a total transaction of $52,200.00. Following the completion of the transaction, the director owned 715,370 shares of the company’s stock, valued at approximately $2,489,487.60. This trade represents a 2.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Monday, October 5th, Alejandro Gustavo Elsztain acquired 11,750 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average price of $3.73 per share, with a total value of $43,827.50.
• On Wednesday, September 30th, Alejandro Gustavo Elsztain purchased 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was purchased at an average price of $3.48 per share, with a total value of $52,200.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 4.8%

Shares of LND traded up $0.17 during midday trading on Monday, reaching $3.68. 180,439 shares of the stock were exchanged, compared to its average volume of 70,819. The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $3.65 and its two-hundred day moving average is $3.77. The company has a market capitalization of $377.86 million, a P/E ratio of -21.65 and a beta of 0.07. Brasilagro Cia Brasileira De Propriedades Agricolas has a 52 week low of $3.37 and a 52 week high of $4.45.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last issued its quarterly earnings data on Friday, September 4th. The company reported ($0.03) EPS for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative return on equity of 4.36% and a negative net margin of 9.93%.The business had revenue of $55.92 million during the quarter.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after acquiring an additional 119,700 shares during the period. Banco BTG Pactual S.A. purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at about $265,000. Finally, SmartHarvest Portfolios LLC increased its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock worth $92,000 after purchasing an additional 2,691 shares during the last quarter. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, September 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.