Parvin Asset Management LLC Takes $279,000 Position in Adecoagro S.A. (NYSE:AGRO)

Parvin Asset Management LLC purchased a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 29,575 shares of the company's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGRO. R Squared Ltd bought a new stake in Adecoagro during the fourth quarter worth approximately $70,000. OLD Mission Capital LLC acquired a new position in shares of Adecoagro in the fourth quarter valued at $108,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Adecoagro during the 4th quarter worth about $126,000. Blue Trust Inc. lifted its stake in Adecoagro by 87.2% during 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 during the period. Finally, Virtu Financial LLC bought a new position in shares of Adecoagro during the 4th quarter worth approximately $163,000. Institutional investors own 45.25% of the company's stock.

Adecoagro Stock Down 0.4 %

Shares of Adecoagro stock traded down $0.04 during trading on Monday, reaching $8.79. The stock had a trading volume of 527,312 shares, compared to its average volume of 839,197. Adecoagro S.A. has a 52 week low of $8.63 and a 52 week high of $12.08. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $10.54. The company has a market capitalization of $878.44 million, a price-to-earnings ratio of 5.85, a P/E/G ratio of 1.43 and a beta of 0.74.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a dividend of $0.175 per share. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 3%. Adecoagro's dividend payout ratio is presently 39.33%.

Wall Street Analyst Weigh In

AGRO has been the topic of a number of recent analyst reports. Morgan Stanley lowered shares of Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $13.00 to $10.00 in a research report on Monday, April 28th. Bank of America cut Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $12.00 to $10.80 in a report on Friday, April 25th. StockNews.com cut Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, UBS Group decreased their price objective on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to data from MarketBeat, Adecoagro has a consensus rating of "Hold" and an average price target 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.