Insider Buying: Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Purchases $51,040.00 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 dated Thursday, June 25th. The shares were acquired at an average cost of $3.52 per share, with a total value of $51,040.00. Following the completion of the purchase, the director owned 626,870 shares in the company, valued at approximately $2,206,582.40. This trade represents a 2.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 29th, Alejandro Gustavo Elsztain purchased 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was bought at an average cost of $3.58 per share, for a total transaction of $51,910.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain purchased 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The stock was bought at an average cost 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 shares were bought 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 0.6%

Shares of NYSE LND opened at $3.59 on Thursday. The firm has a market cap of $368.62 million, a price-to-earnings ratio of -119.63 and a beta of 0.03. 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 quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 0.42. Brasilagro Cia Brasileira De Propriedades Agricolas has a 52-week low of $3.46 and a 52-week high of $4.45.

Wall Street Analyst Weigh In

LND has been the subject of several research reports. 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. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LND. Windmill Hill Asset Management Ltd increased its stake 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 worth $508,000 after acquiring an additional 70,898 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the 1st 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. Banco BTG Pactual S.A. purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at about $265,000. SmartHarvest Portfolios LLC lifted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock valued at $92,000 after buying an additional 2,691 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter valued at about $37,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

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.