B. Riley Wealth Advisors Inc. Sells 54,750 Shares of Adecoagro S.A. (NYSE:AGRO)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,700 shares of the company's stock after selling 54,750 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.09% of Adecoagro worth $893,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AGRO. Blue Trust Inc. increased its stake in shares of Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock worth $129,000 after purchasing an additional 6,387 shares in the last quarter. R Squared Ltd purchased a new position in shares of Adecoagro in the fourth quarter worth about $70,000. Ping Capital Management Inc. increased its stake in shares of Adecoagro by 1.9% in the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company's stock worth $990,000 after purchasing an additional 2,000 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Adecoagro by 9.6% in the fourth quarter. Principal Securities Inc. now owns 33,886 shares of the company's stock valued at $320,000 after acquiring an additional 2,970 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $491,000. Hedge funds and other institutional investors own 45.25% of the company's stock.

Adecoagro Price Performance

Shares of NYSE AGRO traded down $0.05 during mid-day trading on Monday, reaching $9.16. 798,866 shares of the company were exchanged, compared to its average volume of 842,501. Adecoagro S.A. has a 52 week low of $8.45 and a 52 week high of $12.08. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $915.94 million, a PE ratio of 6.11, a PEG ratio of 1.43 and a beta of 0.74. The company's 50 day moving average price is $10.09 and its 200 day moving average price is $10.19.

Adecoagro Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.175 per share. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. The ex-dividend date was Friday, May 2nd. Adecoagro's payout ratio is currently 56.45%.

Analyst Ratings Changes

A number of research firms have recently commented on AGRO. UBS Group cut their price objective on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Bank of America lowered shares of Adecoagro from a "buy" rating to an "underperform" rating and cut their price objective for the company from $12.00 to $10.80 in a research report on Friday, April 25th. Wall Street Zen lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley lowered shares of Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $13.00 to $10.00 in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.55.

About Adecoagro

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.