Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 12-Month Low – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) reached a new 52-week low during trading on Tuesday. The stock traded as low as $8.92 and last traded at $9.1450, with a volume of 32,029 shares trading hands. The stock had previously closed at $9.26.

Analyst Ratings Changes

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

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

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.13. The company has a market cap of $589.16 million, a price-to-earnings ratio of 6.69 and a beta of 0.68. The company has a 50-day simple moving average of $11.37.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Saturday, August 15th. The company reported $1.14 EPS for 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%. The business had revenue of $298.16 million during the quarter.

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

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

Insider Buying and Selling

In related news, Director Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total transaction of $81,250.00. Following the transaction, the director owned 515,736 shares of the company’s stock, valued at $644,670. This trade represents a 11.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alejandro Elsztain acquired 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average cost 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 $13,990,573.74. The trade was a 0.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 120,000 shares of company stock worth $144,400 over the last quarter. 36.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

A hedge fund recently bought a new stake in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC purchased a new stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,448 shares of the company’s stock, valued at approximately $650,000. OceanIQ Capital LLC owned 0.10% of Cresud S.A.C.I.F. y A. as of its most recent SEC filing. Institutional investors and hedge funds own 12.90% of the company’s stock.

About Cresud S.A.C.I.F. y A.

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.