Insider Buying: Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Buys $52,200.00 in Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Elsztain acquired 15,000 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was purchased at an average price of $3.48 per share, with a total value of $52,200.00. Following the completion of the acquisition, the director directly owned 715,370 shares in the company, valued at approximately $2,489,487.60. This represents a 2.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

NYSE:LND opened at $3.79 on Thursday. The business has a 50 day moving average of $3.65 and a 200 day moving average of $3.76. The company has a market capitalization of $388.64 million, a price-to-earnings ratio of -22.26 and a beta of 0.07. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1-year low of $3.37 and a 1-year high of $4.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 0.77.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in 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 last quarter. SmartHarvest Portfolios LLC lifted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock valued at $92,000 after purchasing an additional 2,691 shares during the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at approximately $265,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

About Brasilagro Cia Brasileira De Propriedades Agricolas

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.