Alejandro Gustavo Elsztain Acquires 14,500 Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain purchased 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of $3.52 per share, for a total transaction of $51,040.00. Following the transaction, the director directly owned 626,870 shares of the company’s stock, valued at $2,206,582.40. This trade represents a 2.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, May 21st, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were purchased at an average cost of $3.82 per share, with a total value of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were purchased at an average price of $3.74 per share, for a total transaction of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

Brasilagro Cia Brasileira De Propriedades Agricolas stock traded up $0.01 during trading hours on Monday, reaching $3.58. 20,820 shares of the stock were exchanged, compared to its average volume of 82,330. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42. Brasilagro Cia Brasileira De Propriedades Agricolas has a twelve month low of $3.47 and a twelve month high of $4.45. The company has a market cap of $367.08 million, a P/E ratio of -119.16 and a beta of 0.02. The stock has a 50 day moving average of $3.78 and a two-hundred day moving average of $3.88.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LND. EverSource Wealth Advisors LLC acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth approximately $37,000. Windmill Hill Asset Management Ltd increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after buying an additional 70,898 shares during the period. SmartHarvest Portfolios LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter worth $68,000. Banco BTG Pactual S.A. acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at $265,000. Finally, Renaissance Technologies LLC boosted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock valued at $590,000 after acquiring an additional 119,700 shares during the last quarter. Institutional investors and hedge funds own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

LND has been the subject of several research reports. Wall Street Zen downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.