Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 1-Year Low – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) hit a new 52-week low during trading on Tuesday. The company traded as low as $8.92 and last traded at $9.1450, with a volume of 32,029 shares changing hands. The stock had previously closed at $9.26.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 0.1%

The stock’s 50 day moving average price is $11.46. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $596.97 million, a price-to-earnings ratio of 5.28 and a beta of 0.68.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Monday, November 9th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $271.18 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 5.97% and a net margin of 12.93%.

Cresud S.A.C.I.F. y A. Announces Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be given a $0.7494 dividend. The ex-dividend date is Monday, November 2nd. This represents a yield of 752.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 38.86%.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other news, Director Fernando Elsztain sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $1.25, for a total value of $81,250.00. Following the completion of the transaction, the director owned 515,736 shares of the company’s stock, valued at $644,670. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alejandro Elsztain acquired 8,295 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average price of $11.18 per share, with a total value of $92,738.10. Following the acquisition, the director owned 1,251,393 shares in the company, valued at $13,990,573.74. The trade was a 0.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 130,000 shares of company stock worth $155,000 over the last three months. Insiders own 36.20% of the company’s stock.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

An institutional investor recently bought a new position in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,448 shares of the company’s stock, valued at approximately $650,000. OceanIQ Capital LLC owned about 0.10% of Cresud S.A.C.I.F. y A. as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.90% of the company’s stock.

About Cresud S.A.C.I.F. y A.

Cresud S.A.C.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties. Cresud’s operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.