Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Buys $43,827.50 in Stock

Key Points

• Director Alejandro Gustavo Elsztain bought 11,750 LND shares at an average price of $3.73, spending $43,827.50 and increasing his ownership by 1.64% to 727,120 shares. He also purchased 30,000 shares in two earlier transactions.
• BrasilAgro shares traded at $3.68, with a market capitalization of approximately $377.9 million; the stock has ranged from $3.37 to $4.45 over the past year.
• The company reported a quarterly loss of $0.03 per share on $55.92 million in revenue, while analyst coverage remains negative with a consensus “Sell” rating.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) Director Alejandro Gustavo Elsztain bought 11,750 shares of the company's stock in a transaction that occurred on Monday, October 5th. The stock was purchased at an average price of $3.73 per share, for a total transaction of $43,827.50. Following the transaction, the director owned 727,120 shares of the company's stock, valued at $2,712,157.60. The trade was a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, October 2nd, Alejandro Gustavo Elsztain purchased 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average price of $3.48 per share, for a total transaction of $52,200.00.
• On Wednesday, September 30th, Alejandro Gustavo Elsztain purchased 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average cost of $3.48 per share, with a total value of $52,200.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

NYSE LND traded up $0.17 on Monday, hitting $3.68. 180,439 shares of the company's stock traded hands, compared to its average volume of 70,819. The firm 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 has a 1-year low of $3.37 and a 1-year high of $4.45. The firm's 50-day moving average price is $3.65 and its two-hundred day moving average price is $3.77. The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last posted its earnings results on Friday, September 4th. The company reported ($0.03) earnings per share (EPS) for 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%. The business had revenue of $55.92 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas currently has a consensus rating of "Sell".

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Institutional investors have recently bought and sold shares of the business. SmartHarvest Portfolios LLC increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company's stock valued at $92,000 after buying an additional 2,691 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at $265,000. Finally, Renaissance Technologies LLC grew its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the 1st 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. 1.15% of the stock is owned by institutional investors and hedge funds.

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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