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

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain acquired 13,500 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $3.74 per share, with a total value of $50,490.00. Following the completion of the purchase, the director owned 571,870 shares of the company’s stock, valued at approximately $2,138,793.80. The trade was a 2.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, May 21st, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were purchased at an average cost of $3.82 per share, with a total value of $51,570.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of NYSE:LND opened at $3.81 on Friday. The company has a market cap of $390.70 million, a price-to-earnings ratio of -126.79 and a beta of 0.03. The company has a 50-day moving average price of $4.01 and a 200-day moving average price of $3.87. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12 month low of $3.47 and a 12 month high of $4.45.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors and hedge funds have recently made changes to their positions in LND. EverSource Wealth Advisors LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter valued at approximately $37,000. ERn Financial LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the third quarter valued at approximately $50,000. Windmill Hill Asset Management Ltd increased its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during 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. SmartHarvest Portfolios LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $68,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Institutional investors own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LND shares. Wall Street Zen downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company 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.