Insider Buying: Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Buys 15,000 Shares of Company Stock

Key Points

• Director Alejandro Gustavo Elsztain bought 15,000 LND shares at an average $3.48 each, spending $52,200 and increasing his position to 715,370 shares. He also made additional purchases of 11,750 shares on October 5 and 15,000 shares on September 30.
• BrasilAgro shares rose 4.8% to $3.68, with trading volume substantially above average. The stock remains below its 52-week high of $4.45 and has a market capitalization of approximately $377.9 million.
• The company reported a quarterly loss of $0.03 per share on $55.92 million in revenue, while its sole analyst rating remains Sell. Institutional investors own only about 1.15% of the stock.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) Director Alejandro Gustavo Elsztain bought 15,000 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was bought at an average cost of $3.48 per share, for a total transaction of $52,200.00. Following the completion of the purchase, the director owned 715,370 shares of the company's stock, valued at approximately $2,489,487.60. The trade was a 2.14% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, October 5th, Alejandro Gustavo Elsztain bought 11,750 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was purchased at an average price of $3.73 per share, for a total transaction of $43,827.50.
• On Wednesday, September 30th, Alejandro Gustavo Elsztain acquired 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was purchased at an average price of $3.48 per share, with a total value of $52,200.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 4.8%

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock traded up $0.17 on Monday, reaching $3.68. The company's stock had a trading volume of 180,439 shares, compared to its average volume of 70,819. The company has a market capitalization of $377.86 million, a price-to-earnings ratio of -21.65 and a beta of 0.07. The firm's fifty 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 52 week low of $3.37 and a 52 week high of $4.45. The company has a quick ratio of 0.77, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

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

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several large investors have recently added to or reduced their stakes in LND. Renaissance Technologies LLC grew its position 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 worth $590,000 after purchasing an additional 119,700 shares in the last quarter. SmartHarvest Portfolios LLC grew its holdings in 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 valued at $92,000 after buying an additional 2,691 shares in the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Hedge funds and other institutional investors own 1.15% of the company's stock.

Analyst Ratings Changes

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

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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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