Insider Buying: Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Acquires $52,200.00 in Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Elsztain bought 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction on Wednesday, September 30th. The stock was acquired at an average cost of $3.48 per share, with a total value of $52,200.00. Following the acquisition, the director owned 685,370 shares in the company, valued at approximately $2,385,087.60. This represents a 2.24% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, October 5th, Alejandro Elsztain purchased 11,750 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average price of $3.73 per share, with a total value of $43,827.50.
• On Friday, October 2nd, Alejandro 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, for a total transaction of $52,200.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Up 2.3%

Brasilagro Cia Brasileira De Propriedades Agricolas stock opened at $3.79 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 0.77. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.37 and a one year high of $4.45. The stock has a market capitalization of $388.64 million, a PE ratio of -22.26 and a beta of 0.07. The business’s fifty day moving average is $3.65 and its 200 day moving average is $3.76.

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

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Large investors have recently made changes to their positions in the company. SmartHarvest Portfolios LLC increased its position in shares of 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 purchasing an additional 2,691 shares during the last quarter. Banco BTG Pactual S.A. bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Finally, Renaissance Technologies LLC raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after acquiring an additional 119,700 shares during the period. 1.15% of the stock is currently owned by institutional investors.

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 research report on Thursday, September 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently 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.