Insider Buying: Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Purchases 14,500 Shares of Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain acquired 14,500 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of $3.58 per share, with a total value of $51,910.00. Following the completion of the acquisition, the director owned 655,870 shares in the company, valued at $2,348,014.60. The trade was a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, June 25th, Alejandro Gustavo Elsztain bought 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average price of $3.52 per share, for a total transaction of $51,040.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average cost of $3.82 per share, with a total value of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain purchased 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average price of $3.74 per share, with a total value of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of NYSE:LND traded down $0.02 during midday trading on Tuesday, reaching $3.58. 76,540 shares of the company’s stock traded hands, compared to its average volume of 82,731. The company has a market cap of $367.59 million, a price-to-earnings ratio of -119.29 and a beta of 0.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.47. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.46 and a one year high of $4.45. The stock has a 50 day moving average of $3.77 and a 200 day moving average of $3.88.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SmartHarvest Portfolios LLC grew 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 valued at $92,000 after buying an additional 2,691 shares during the period. EverSource Wealth Advisors LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth approximately $37,000. Windmill Hill Asset Management Ltd boosted its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after acquiring an additional 70,898 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter worth $265,000. Finally, Renaissance Technologies LLC grew its position 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 valued at $590,000 after acquiring an additional 119,700 shares during the period. Hedge funds and other institutional investors own 1.15% of the company’s stock.

Analysts Set New Price Targets

LND has been the subject of several research reports. Weiss Ratings cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.