Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain Acquires 13,500 Shares

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $3.82 per share, for a total transaction of $51,570.00. Following the completion of the purchase, the director owned 598,870 shares of the company’s stock, valued at approximately $2,287,683.40. The trade was a 2.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was purchased at an average price of $3.74 per share, for a total transaction of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

Shares of LND stock opened at $3.81 on Friday. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12-month low of $3.47 and a 12-month high of $4.45. The firm has a market capitalization of $390.70 million, a price-to-earnings ratio of -126.79 and a beta of 0.03. The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $4.01 and a 200-day moving average of $3.87.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Institutional investors and hedge funds have recently made changes to their positions in the company. SmartHarvest Portfolios LLC boosted its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock worth $92,000 after purchasing an additional 2,691 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at about $37,000. ERn Financial LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 3rd quarter valued at about $50,000. Windmill Hill Asset Management Ltd lifted its holdings 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 valued at $508,000 after purchasing an additional 70,898 shares in the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at about $265,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

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.