Cosan (NYSE:CSAN) CEO Acquires $12,549,453.92 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins bought 2,441,528 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $5.14 per share, for a total transaction of $12,549,453.92. Following the completion of the purchase, the chief executive officer directly owned 4,890,286 shares in the company, valued at approximately $25,136,070.04. This represents a 99.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marcelo Eduardo Martins also recently made the following trade(s):

• On Friday, April 10th, Marcelo Eduardo Martins bought 1,599,086 shares of Cosan stock. The stock was purchased at an average price of $7.05 per share, for a total transaction of $11,273,556.30.

Cosan Stock Performance

NYSE CSAN opened at $3.37 on Friday. Cosan S.A. Sponsored ADR has a 1 year low of $3.25 and a 1 year high of $6.25. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The stock has a market capitalization of $3.34 billion, a PE ratio of -1.37 and a beta of 0.82. The company’s 50 day simple moving average is $4.02 and its two-hundred day simple moving average is $4.35.

Cosan (NYSE:CSAN) last posted its earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. The firm had revenue of $1.74 billion during the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.

Institutional Trading of Cosan

Institutional investors and hedge funds have recently made changes to their positions in the stock. SmartHarvest Portfolios LLC purchased a new stake in shares of Cosan during the 1st quarter valued at $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cosan during the 4th quarter valued at $46,000. Royal Bank of Canada raised its position in shares of Cosan by 3,266.6% during the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after buying an additional 12,021 shares in the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of Cosan during the 4th quarter valued at $51,000. Finally, Blue Trust Inc. raised its position in shares of Cosan by 12,141.9% during the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after buying an additional 12,749 shares in the last quarter.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.