Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Scheduled to Split on Friday, November 28th

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock is set to split on the morning of Friday, November 28th. The 1.00845956 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Thursday, November 27th.

Cresud S.A.C.I.F. y A. Stock Performance

Shares of CRESY stock traded down $0.34 during trading hours on Thursday, reaching $11.58. 156,968 shares of the company traded hands, compared to its average volume of 239,329. The firm has a 50-day moving average price of $10.28 and a 200 day moving average price of $10.73. The company has a market cap of $731.67 million, a P/E ratio of 10.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.93. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.23.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Monday, November 10th. The company reported $0.42 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.57% and a return on equity of 4.65%. The company had revenue of $239.85 million during the quarter.

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

The company also recently disclosed an annual dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be given a dividend of $0.6293 per share. This represents a dividend yield of 530.0%. The ex-dividend date is Friday, November 28th. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is presently 25.88%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Cresud S.A.C.I.F. y A. presently has an average rating of “Hold”.

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

Several institutional investors have recently added to or reduced their stakes in the company. GMT Capital Corp bought a new position in shares of Cresud S.A.C.I.F. y A. during the 1st quarter valued at approximately $11,342,000. VR Advisory Services Ltd raised its stake in Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after purchasing an additional 470,365 shares in the last quarter. Kopernik Global Investors LLC lifted its position in Cresud S.A.C.I.F. y A. by 19.9% during the second quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock valued at $25,747,000 after purchasing an additional 396,741 shares during the last quarter. Systrade AG grew its stake in shares of Cresud S.A.C.I.F. y A. by 60.1% in the 2nd quarter. Systrade AG now owns 280,063 shares of the company’s stock worth $3,013,000 after buying an additional 105,151 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cresud S.A.C.I.F. y A. by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company’s stock worth $11,474,000 after buying an additional 90,066 shares in the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.