Dauntless Investment Group LLC Buys Shares of 118,868 Adecoagro S.A. (NYSE:AGRO)

Dauntless Investment Group LLC purchased a new stake in Adecoagro S.A. (NYSE:AGRO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 118,868 shares of the company's stock, valued at approximately $1,121,000. Adecoagro comprises 1.2% of Dauntless Investment Group LLC's investment portfolio, making the stock its 6th biggest position. Dauntless Investment Group LLC owned about 0.11% of Adecoagro at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AGRO. Sanctuary Advisors LLC acquired a new stake in Adecoagro in the 4th quarter valued at $491,000. Causeway Capital Management LLC boosted its position in shares of Adecoagro by 88.8% in the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock worth $5,350,000 after buying an additional 266,816 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Adecoagro in the fourth quarter valued at about $240,000. Blue Trust Inc. raised its holdings in shares of Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after buying an additional 6,387 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Adecoagro during the 4th quarter worth approximately $526,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday. Morgan Stanley downgraded Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $13.00 to $10.00 in a report on Monday. StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Bank of America downgraded shares of Adecoagro from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $12.00 to $10.80 in a research report on Friday. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $10.55.

Adecoagro Stock Performance

Adecoagro stock traded down $0.14 during mid-day trading on Tuesday, reaching $9.30. The company's stock had a trading volume of 457,058 shares, compared to its average volume of 821,591. The firm has a market cap of $929.43 million, a price-to-earnings ratio of 6.20, a PEG ratio of 1.43 and a beta of 0.65. Adecoagro S.A. has a twelve month low of $8.72 and a twelve month high of $12.08. The business has a 50 day moving average price of $10.93 and a 200-day moving average price of $10.59. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $0.175 dividend. The ex-dividend date is Friday, May 2nd. This represents a yield of 3%. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio (DPR) is currently 39.33%.

Adecoagro Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.