Systrade AG Purchases New Shares in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)

Systrade AG purchased a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 146,281 shares of the company’s stock, valued at approximately $1,848,000. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria comprises 3.0% of Systrade AG’s holdings, making the stock its 5th biggest holding. Systrade AG owned about 0.24% of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Meixler Investment Management Ltd. increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the third quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock worth $412,000 after purchasing an additional 3,893 shares during the period. GAMMA Investing LLC increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% in the fourth quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock worth $81,000 after purchasing an additional 4,545 shares during the period. Truist Financial Corp acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth about $216,000. B. Riley Wealth Advisors Inc. increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock worth $1,421,000 after purchasing an additional 55,900 shares during the period. Finally, Glenorchy Capital Ltd increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% in the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock worth $2,443,000 after purchasing an additional 68,606 shares during the period. 12.90% of the stock is owned by institutional investors.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 2.7 %

NASDAQ CRESY opened at $12.09 on Monday. The stock has a market capitalization of $729.15 million, a price-to-earnings ratio of -9.16 and a beta of 1.13. The stock’s 50 day moving average price is $12.54 and its two-hundred day moving average price is $9.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 1.09. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52 week low of $6.56 and a 52 week high of $14.23.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.6096 per share. The ex-dividend date was Monday, December 2nd. This is a boost from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is currently -44.70%.

Analyst Ratings Changes

Separately, StockNews.com lowered Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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.