Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock: Insider Alejandro Gustavo Elsztain Purchases 100,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Elsztain bought 100,000 shares of the company’s stock in a transaction dated Thursday, November 12th. The stock was bought at an average cost of $0.89 per share, with a total value of $89,000.00. Following the transaction, the director directly owned 7,519,918 shares in the company, valued at approximately $6,692,727.02. The trade was a 1.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, October 15th, Alejandro Elsztain purchased 8,295 shares of Cresud S.A.C.I.F. y A. stock. The shares were purchased at an average cost of $11.18 per share, for a total transaction of $92,738.10.

Cresud S.A.C.I.F. y A. Price Performance

CRESY traded up $0.89 during trading hours on Friday, hitting $9.84. 469,009 shares of the stock were exchanged, compared to its average volume of 265,539. The stock has a 50-day simple moving average of $11.30. Cresud S.A.C.I.F. y A. has a 12 month low of $8.74 and a 12 month high of $14.21. The firm has a market capitalization of $634.98 million, a PE ratio of 7.17 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.13 and a current ratio of 1.47.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 9.75% and a return on equity of 4.68%. The company had revenue of $298.16 million for the quarter.

Cresud S.A.C.I.F. y A. Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd were issued a $0.7494 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a yield of 752.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 37.14%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

An institutional investor recently raised its stake in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC boosted its position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,340 shares of the company’s stock after purchasing an additional 4,892 shares during the period. OceanIQ Capital LLC owned 0.11% of Cresud S.A.C.I.F. y A. worth $770,000 at the end of the most recent reporting period. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Cresud S.A.C.I.F. y A. presently has an average rating of “Hold”.

About Cresud S.A.C.I.F. y A.

Cresud S.A.C.I.F. y A. is an Argentine agribusiness company focused on owning, developing and operating agricultural land. Its activities include producing crops and livestock, leasing farmland and buying, selling or improving rural properties. The company’s operations span Argentina and other South American markets, including Brazil, Paraguay and Bolivia. Cresud also has exposure to the region’s real estate sector through its investment in IRSA, an Argentine property company. Founded in 1936, Cresud has grown from its roots in Argentine agriculture into a regional land and agribusiness business.