Quent Capital LLC Purchases New Position in Adecoagro S.A. $AGRO

Quent Capital LLC purchased a new stake in Adecoagro S.A. (NYSE:AGRO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 74,980 shares of the company’s stock, valued at approximately $595,000. Quent Capital LLC owned 0.07% of Adecoagro as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Ping Capital Management Inc. boosted its holdings in shares of Adecoagro by 3.1% in the third quarter. Ping Capital Management Inc. now owns 100,000 shares of the company’s stock valued at $784,000 after purchasing an additional 3,000 shares during the period. State of Wyoming boosted its holdings in shares of Adecoagro by 17.8% in the third quarter. State of Wyoming now owns 20,270 shares of the company’s stock valued at $159,000 after purchasing an additional 3,067 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Adecoagro by 7.5% in the third quarter. Quantbot Technologies LP now owns 61,776 shares of the company’s stock valued at $484,000 after purchasing an additional 4,286 shares during the period. R Squared Ltd boosted its holdings in shares of Adecoagro by 61.1% in the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after purchasing an additional 8,462 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in shares of Adecoagro by 26.7% in the third quarter. Verition Fund Management LLC now owns 83,517 shares of the company’s stock valued at $655,000 after purchasing an additional 17,617 shares during the period. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Down 0.2%

AGRO opened at $12.75 on Monday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -159.37 and a beta of 0.08. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. Adecoagro S.A. has a 12 month low of $6.89 and a 12 month high of $15.89. The stock has a fifty day moving average price of $12.11 and a 200-day moving average price of $9.51.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. The company had revenue of $432.91 million during the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%. As a group, equities research analysts anticipate that Adecoagro S.A. will post 1.42 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.1213 per share. This represents a dividend yield of 183.0%. The ex-dividend date is Monday, May 4th. Adecoagro’s dividend payout ratio is currently -437.50%.

Insider Activity at Adecoagro

In related news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at $13,010,110.50. This represents a 10.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 106,815 shares of company stock worth $1,540,799.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a report on Friday, January 9th. Truist Financial set a $9.00 price target on Adecoagro in a report on Friday, January 9th. Morgan Stanley upgraded Adecoagro from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Citigroup lowered Adecoagro from a “buy” rating to a “neutral” rating and upped their target price for the stock from $13.00 to $15.00 in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.53.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.