Insider Buying: Cosan (NYSE:CSAN) CEO Buys $11,273,556.30 in Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) CEO Marcelo Eduardo Martins bought 1,599,086 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were bought at an average cost of $7.05 per share, for a total transaction of $11,273,556.30. Following the purchase, the chief executive officer directly owned 3,120,178 shares in the company, valued at approximately $21,997,254.90. This represents a 105.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, May 19th, Marcelo Eduardo Martins bought 2,441,528 shares of Cosan stock. The shares were bought at an average cost of $5.14 per share, for a total transaction of $12,549,453.92.

Cosan Trading Down 3.0%

Shares of CSAN opened at $3.37 on Friday. The firm’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.35. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -1.37 and a beta of 0.82. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. Cosan S.A. Sponsored ADR has a 1-year low of $3.25 and a 1-year high of $6.25.

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

Institutional Investors Weigh In On Cosan

Several hedge funds have recently bought and sold shares of CSAN. Monaco Asset Management SAM boosted its stake in Cosan by 200.5% during the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after acquiring an additional 2,004,813 shares in the last quarter. UBS Group AG boosted its stake in Cosan by 36.9% during the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after acquiring an additional 941,548 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Cosan by 5,210.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after acquiring an additional 761,968 shares in the last quarter. XTX Topco Ltd boosted its stake in Cosan by 1,312.8% during the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after acquiring an additional 547,051 shares in the last quarter. Finally, Tejara Capital Ltd bought a new stake in Cosan during the fourth quarter worth about $1,386,000.

About Cosan

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.