Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain Purchases 15,000 Shares of Company Stock

Key Points

• Director Alejandro Gustavo Elsztain bought 15,000 LND shares at an average price of $3.48, investing $52,200 and increasing his direct ownership by 2.24% to 685,370 shares.
• Elsztain also purchased 11,750 shares at $3.73 and another 15,000 shares at $3.48 in related recent transactions, signaling additional insider buying.
• LND traded at $3.68, while the company reported a quarterly loss of $0.03 per share on $55.92 million in revenue. Analysts maintain a consensus “Sell” rating, and institutional investors own just 1.15% of the stock.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) Director Alejandro Gustavo Elsztain acquired 15,000 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $3.48 per share, with a total value of $52,200.00. Following the completion of the transaction, the director directly owned 685,370 shares in the company, valued at approximately $2,385,087.60. This trade represents a 2.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Monday, October 5th, Alejandro Gustavo Elsztain purchased 11,750 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average price of $3.73 per share, for a total transaction of $43,827.50.
• On Friday, October 2nd, Alejandro Gustavo Elsztain acquired 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average price of $3.48 per share, with a total value of $52,200.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of LND stock traded up $0.17 during trading on Monday, reaching $3.68. The company had a trading volume of 180,439 shares, compared to its average volume of 70,819. The firm's 50 day simple moving average is $3.65 and its two-hundred day simple moving average is $3.77. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.37 and a one year high of $4.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 0.77. The company has a market capitalization of $377.86 million, a PE ratio of -21.65 and a beta of 0.07.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last issued its quarterly earnings results on Friday, September 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $55.92 million during the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of hedge funds and other institutional investors have recently made changes to their positions in LND. Renaissance Technologies LLC lifted its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company's stock valued at $590,000 after acquiring an additional 119,700 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter worth approximately $265,000. Finally, SmartHarvest Portfolios LLC grew its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company's stock worth $92,000 after buying an additional 2,691 shares during the period. 1.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, September 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.

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