Insider Buying: Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Purchases $51,910.00 in Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain bought 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of $3.58 per share, for a total transaction of $51,910.00. Following the acquisition, the director owned 655,870 shares in the company, valued at $2,348,014.60. The trade was a 2.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, June 25th, Alejandro Gustavo Elsztain purchased 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average cost of $3.52 per share, with a total value of $51,040.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain purchased 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was acquired at an average cost of $3.82 per share, with a total value of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain purchased 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average price of $3.74 per share, with a total value of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 1.4%

Shares of NYSE:LND opened at $3.64 on Friday. The stock has a market capitalization of $373.76 million, a P/E ratio of -121.29 and a beta of 0.03. The stock’s 50-day moving average price is $3.75 and its 200-day moving average price is $3.88. 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 $3.46 and a 12-month high of $4.45.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors have recently modified their holdings of LND. EverSource Wealth Advisors LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter valued at about $37,000. Windmill Hill Asset Management Ltd lifted its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after buying an additional 70,898 shares during the period. SmartHarvest Portfolios LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $68,000. Banco BTG Pactual S.A. bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $265,000. Finally, Renaissance Technologies LLC increased its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock valued at $590,000 after buying an additional 119,700 shares during the period. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LND shares. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas presently has an average 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.