BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Short Interest Down 54.0% in April

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LNDGet Rating) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 37,600 shares, a decrease of 54.0% from the April 15th total of 81,700 shares. Based on an average daily volume of 95,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its holdings in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 6,646.5% in the 2nd quarter. Morgan Stanley now owns 74,211 shares of the company’s stock worth $451,000 after acquiring an additional 73,111 shares during the last quarter. US Bancorp DE bought a new stake in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas in the third quarter worth $185,000. Spire Wealth Management boosted its holdings in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 22.9% in the fourth quarter. Spire Wealth Management now owns 101,475 shares of the company’s stock worth $548,000 after acquiring an additional 18,930 shares in the last quarter. Grace & White Inc. NY lifted its holdings in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 42.5% during the fourth quarter. Grace & White Inc. NY now owns 193,148 shares of the company’s stock valued at $1,043,000 after purchasing an additional 57,623 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 49.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,678 shares of the company’s stock valued at $214,000 after purchasing an additional 13,208 shares in the last quarter. Institutional investors own 0.67% of the company’s stock.

Shares of NYSE LND traded up $0.22 during midday trading on Friday, reaching $6.45. The company’s stock had a trading volume of 129,839 shares, compared to its average volume of 136,363. The company has a current ratio of 3.04, a quick ratio of 2.13 and a debt-to-equity ratio of 0.20. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a fifty-two week low of $4.26 and a fifty-two week high of $9.82. The stock has a market capitalization of $400.55 million, a price-to-earnings ratio of 5.81 and a beta of 0.85. The stock has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $5.77.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LNDGet Rating) last announced its earnings results on Wednesday, February 9th. The company reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $119.27 million during the quarter. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas had a net margin of 33.71% and a return on equity of 30.79%.

The company also recently announced a Semi-Annual dividend, which was paid on Monday, May 9th. Shareholders of record on Monday, April 18th were given a dividend of $0.404 per share. The ex-dividend date of this dividend was Thursday, April 14th. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas’s dividend payout ratio is presently 70.27%.

Separately, StockNews.com lowered shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “buy” rating to a “hold” rating in a report on Thursday.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (Get Rating)

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil. The company operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other. It is involved in the cultivation of soybean, corn, sorghum, and cotton, as well as sugarcane; and production and sale of beef calves after weaning.

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