Alejandro Gustavo Elsztain Buys 13,500 Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain bought 13,500 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $3.82 per share, for a total transaction of $51,570.00. Following the purchase, the director directly owned 598,870 shares in the company, valued at $2,287,683.40. This represents a 2.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, May 19th, Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of NYSE:LND traded down $0.08 on Friday, hitting $3.81. The company’s stock had a trading volume of 36,122 shares, compared to its average volume of 89,616. The company has a market capitalization of $390.71 million, a price-to-earnings ratio of -126.79 and a beta of 0.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.47. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12 month low of $3.47 and a 12 month high of $4.45. The stock’s 50-day moving average is $4.02 and its two-hundred day moving average is $3.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LND. Windmill Hill Asset Management Ltd increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after acquiring an additional 70,898 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 valued at $590,000 after acquiring an additional 119,700 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at approximately $265,000. SmartHarvest Portfolios LLC increased its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock worth $92,000 after buying an additional 2,691 shares during the last quarter. Finally, ERn Financial LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the third quarter valued at about $50,000. 1.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LND shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a report on Friday, March 27th. Wall Street Zen downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas currently has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.