Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Acquires 100,000 Shares of Company Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Elsztain acquired 100,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, November 12th. The stock was acquired at an average cost of $0.89 per share, with a total value of $89,000.00. Following the purchase, the director owned 7,519,918 shares in the company, valued at $6,692,727.02. The trade was a 1.35% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 15th, Alejandro Elsztain bought 8,295 shares of Cresud S.A.C.I.F. y A. stock. The shares were bought at an average price of $11.18 per share, for a total transaction of $92,738.10.

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

Shares of CRESY stock traded up $0.89 during trading on Friday, reaching $9.84. The company had a trading volume of 469,009 shares, compared to its average volume of 265,539. The firm has a market cap of $634.98 million, a P/E ratio of 7.17 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $11.30. Cresud S.A.C.I.F. y A. has a one year low of $8.74 and a one year high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Saturday, August 15th. The company reported $1.14 EPS for the quarter. The company had revenue of $298.16 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 9.75% and a return on equity of 4.68%.

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

The firm also recently declared an annual dividend, which was paid on Thursday, November 12th. Stockholders of record on Monday, November 2nd were given a $0.7494 dividend. This represents a dividend yield of 752.0%. The ex-dividend date of this dividend was Monday, November 2nd. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 37.14%.

Institutional Trading of Cresud S.A.C.I.F. y A.

An institutional investor recently raised its stake in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC lifted its position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,340 shares of the company’s stock after purchasing an additional 4,892 shares during the quarter. OceanIQ Capital LLC owned 0.11% of Cresud S.A.C.I.F. y A. worth $770,000 at the end of the most recent reporting period. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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

Cresud S.A.C.I.F. y A. is an Argentine agribusiness company focused on owning, developing and operating agricultural land. Its activities include producing crops and livestock, leasing farmland and buying, selling or improving rural properties. The company’s operations span Argentina and other South American markets, including Brazil, Paraguay and Bolivia. Cresud also has exposure to the region’s real estate sector through its investment in IRSA, an Argentine property company. Founded in 1936, Cresud has grown from its roots in Argentine agriculture into a regional land and agribusiness business.