Key Points
- Director Alejandro Gustavo Elsztain bought 14,500 shares of Brasilagro at $3.58 each, totaling about $51,910. After the purchase, his stake rose to 655,870 shares, worth roughly $2.35 million.
- This was one of several recent insider purchases by Elsztain, including additional buys on June 25 and May 19-21, signaling continued insider confidence in the stock.
- Despite the insider buying, analyst sentiment remains cautious: the stock has an average rating of “Reduce,” and recent reports from Weiss Ratings and Wall Street Zen both moved lower on LND.
Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) Director Alejandro Gustavo Elsztain purchased 14,500 shares of the company's stock in a transaction on Monday, June 29th. The stock was acquired at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the completion of the transaction, the director owned 655,870 shares of the company's stock, valued at $2,348,014.60. This represents a 2.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alejandro Gustavo Elsztain also recently made the following trade(s):
- On Thursday, June 25th, Alejandro Gustavo Elsztain acquired 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average price of $3.52 per share, with a total value of $51,040.00.
- On Thursday, May 21st, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average price of $3.82 per share, with a total value of $51,570.00.
- On Tuesday, May 19th, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average cost of $3.74 per share, for a total transaction of $50,490.00.
Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 0.6%
NYSE LND opened at $3.58 on Wednesday. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12 month low of $3.46 and a 12 month high of $4.45. The company has a market capitalization of $367.59 million, a P/E ratio of -119.29 and a beta of 0.02. The company's 50 day simple moving average is $3.76 and its 200 day simple moving average is $3.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69.
Wall Street Analyst Weigh In
Several research firms have issued reports on LND. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, June 23rd. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. One equities research 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, the company has an average rating of "Reduce".
Get Our Latest Report on Brasilagro Cia Brasileira De Propriedades Agricolas
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at approximately $37,000. Windmill Hill Asset Management Ltd raised its position in 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 acquiring an additional 70,898 shares in the last quarter. SmartHarvest Portfolios LLC acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at approximately $68,000. Banco BTG Pactual S.A. acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at approximately $265,000. Finally, Renaissance Technologies LLC grew its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company's stock worth $590,000 after acquiring an additional 119,700 shares in the last quarter. 1.15% of the stock is owned by institutional investors and hedge funds.
About Brasilagro Cia Brasileira De Propriedades Agricolas
(
Get Free Report)
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.
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