Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Announces Dividend of $0.75

Key Points

• Cresud declared a $0.7494-per-share dividend; shareholders of record on November 2 were listed to receive payment on October 29, with November 2 also identified as the ex-dividend date.
• CRESY opened at $10.77, with a market capitalization of approximately $680.45 million, a P/E ratio of 6.11, and a 52-week trading range of $10.26 to $14.21. The company most recently reported quarterly EPS of $1.14 on revenue of $298.16 million.
• Insiders own 36.2% of the company, while hedge funds and institutional investors own 12.9%; recent activity included insider sales alongside a director’s purchase of 8,295 shares.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) declared a dividend on Friday, October 23rd. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.7494 per share on Thursday, October 29th. The ex-dividend date of this dividend is Monday, November 2nd.

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

Cresud S.A.C.I.F. y A. stock opened at $10.77 on Friday. The stock has a 50 day moving average price of $11.68. The stock has a market capitalization of $680.45 million, a P/E ratio of 6.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.13 and a current ratio of 1.47. Cresud S.A.C.I.F. y A. has a fifty-two week low of $10.26 and a fifty-two week high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last released its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) for the quarter. The business had revenue of $298.16 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 5.97%.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other news, Director Fernando Elsztain sold 65,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total value of $81,250.00. Following the completion of the sale, the director directly owned 515,736 shares of the company's stock, valued at $644,670. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alejandro Elsztain purchased 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, October 15th. The stock was bought at an average cost of $11.18 per share, with a total value of $92,738.10. Following the completion of the transaction, the director directly owned 1,251,393 shares of the company's stock, valued at $13,990,573.74. This represents a 0.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 130,000 shares of company stock valued at $155,000 over the last 90 days. Corporate insiders own 36.20% of the company's stock.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors and hedge funds have recently modified their holdings of CRESY. R Squared Ltd boosted its stake in shares of Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company's stock worth $223,000 after acquiring an additional 2,253 shares in the last quarter. OceanIQ Capital LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 8.0% in the 3rd quarter. OceanIQ Capital LLC now owns 66,340 shares of the company's stock valued at $770,000 after acquiring an additional 4,892 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at approximately $127,000. Finally, Kopernik Global Investors LLC lifted its holdings in Cresud S.A.C.I.F. y A. by 4.0% in the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company's stock worth $56,166,000 after purchasing an additional 168,662 shares during the last quarter. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties.

Cresud's operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.

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