Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as $22.68 and last traded at $0.00, with a volume of shares trading hands. The newly announced dividend which will be paid on Monday, November 13th. Stockholders of record on Monday, November 13th will be paid a $0.429 dividend. The ex-dividend date of this dividend is Friday, November 10th.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. TheStreet upgraded shares of Cresud S.A.C.I.F. y A. from a “d+” rating to a “c-” rating in a research note on Tuesday, October 3rd.

The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.20 and a current ratio of 1.33.

Hedge funds have recently modified their holdings of the company. Newfoundland Capital Management lifted its position in shares of Cresud S.A.C.I.F. y A. by 45.3% during the second quarter. Newfoundland Capital Management now owns 1,990,970 shares of the company’s stock worth $38,725,000 after purchasing an additional 620,690 shares during the last quarter. GAM Holding AG lifted its position in shares of Cresud S.A.C.I.F. y A. by 68.2% during the second quarter. GAM Holding AG now owns 148,000 shares of the company’s stock worth $2,878,000 after purchasing an additional 60,000 shares during the last quarter. Opera Trading Capital bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter worth about $1,273,000. Macquarie Group Ltd. lifted its position in shares of Cresud S.A.C.I.F. y A. by 1.3% during the second quarter. Macquarie Group Ltd. now owns 2,554,249 shares of the company’s stock worth $49,684,000 after purchasing an additional 32,874 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its position in shares of Cresud S.A.C.I.F. y A. by 52.5% during the second quarter. Dorsey Wright & Associates now owns 135,986 shares of the company’s stock worth $1,111,000 after purchasing an additional 46,803 shares during the last quarter. 24.90% of the stock is currently owned by institutional investors and hedge funds.

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Cresud S.A.C.I.F. y A. Company Profile

Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria is an agricultural company engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. In addition, the Company leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant.

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