Dynamic Technology Lab Private Ltd Takes $126,000 Position in Adecoagro S.A. (NYSE:AGRO)

Dynamic Technology Lab Private Ltd acquired a new stake in Adecoagro S.A. (NYSE:AGRO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,365 shares of the company’s stock, valued at approximately $126,000.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in Adecoagro during the fourth quarter worth about $491,000. Blue Trust Inc. grew its holdings in shares of Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after purchasing an additional 6,387 shares in the last quarter. Banco Santander S.A. purchased a new stake in Adecoagro during the 4th quarter worth approximately $73,714,000. Magnetar Financial LLC acquired a new stake in Adecoagro during the 4th quarter worth approximately $526,000. Finally, Quantbot Technologies LP acquired a new stake in Adecoagro during the 4th quarter worth approximately $240,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.63.

Adecoagro Stock Up 1.7 %

AGRO stock opened at $11.25 on Friday. The company’s 50 day moving average price is $10.67 and its 200 day moving average price is $10.61. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 1.43 and a beta of 0.65. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40.

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a $0.175 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. Adecoagro’s dividend payout ratio is currently 39.33%.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.