Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Climb 5.1% – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shot up 5.1% during trading on Friday. The stock traded as high as $9.39 and last traded at $9.4090. 94,645 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 263,663 shares. The stock had previously closed at $8.95.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Cresud S.A.C.I.F. y A. has a consensus rating of “Hold”.

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

The firm’s fifty day simple moving average is $11.30. The stock has a market capitalization of $637.56 million, a PE ratio of 7.20 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Saturday, August 15th. The company reported $1.14 EPS for the quarter. The company had revenue of $298.16 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.68% and a net margin of 9.75%.

Cresud S.A.C.I.F. y A. Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, November 12th. Stockholders of record on Monday, November 2nd were given a dividend of $0.7494 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a dividend yield of 752.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio is presently 37.14%.

Insider Activity at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Fernando Elsztain sold 65,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total value of $81,250.00. Following the transaction, the director directly owned 515,736 shares in the company, valued at approximately $644,670. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alejandro Elsztain purchased 8,295 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the purchase, the director directly owned 1,251,393 shares in the company, valued at approximately $13,990,573.74. The trade was a 0.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 120,000 shares of company stock worth $144,400 in the last quarter. Company insiders own 36.20% of the company’s stock.

Institutional Trading of Cresud S.A.C.I.F. y A.

An institutional investor recently raised its position in Cresud S.A.C.I.F. y A. stock. Kopernik Global Investors LLC grew its stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,415,543 shares of the company’s stock after buying an additional 168,662 shares during the quarter. Cresud S.A.C.I.F. y A. makes up 3.9% of Kopernik Global Investors LLC’s portfolio, making the stock its 9th biggest holding. Kopernik Global Investors LLC owned 6.99% of Cresud S.A.C.I.F. y A. worth $56,166,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.90% of the company’s stock.

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

Cresud S.A.C.I.F. y A. is an Argentine agribusiness company focused on owning, developing and operating agricultural land. Its activities include producing crops and livestock, leasing farmland and buying, selling or improving rural properties. The company’s operations span Argentina and other South American markets, including Brazil, Paraguay and Bolivia. Cresud also has exposure to the region’s real estate sector through its investment in IRSA, an Argentine property company. Founded in 1936, Cresud has grown from its roots in Argentine agriculture into a regional land and agribusiness business.