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

Parvin Asset Management LLC purchased a new position in Adecoagro S.A. (NYSE:AGRO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 29,575 shares of the company's stock, valued at approximately $279,000.

A number of other institutional investors have also recently added to or reduced their stakes in AGRO. R Squared Ltd acquired a new position in Adecoagro in the 4th quarter worth about $70,000. OLD Mission Capital LLC acquired a new stake in Adecoagro during the fourth quarter valued at approximately $108,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Adecoagro in the 4th quarter valued at $126,000. Blue Trust Inc. raised 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 valued at $129,000 after acquiring an additional 6,387 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Adecoagro in the fourth quarter worth $163,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Trading Down 3.7 %

AGRO traded down $0.34 on Friday, hitting $8.84. 1,282,211 shares of the company were exchanged, compared to its average volume of 840,473. The firm has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $10.55. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The stock has a market capitalization of $883.94 million, a PE ratio of 5.89, a price-to-earnings-growth 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 paid a $0.175 dividend. The ex-dividend date is Friday, May 2nd. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. Adecoagro's dividend payout ratio (DPR) is presently 39.33%.

Analyst Ratings Changes

AGRO has been the topic of a number of analyst reports. Morgan Stanley downgraded shares of Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $13.00 to $10.00 in a research report on Monday, April 28th. StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. UBS Group dropped their price target on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Bank of America downgraded 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 research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.55.

Adecoagro Profile

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.