Adecoagro S.A. (NYSE:AGRO) Sees Significant Increase in Short Interest

Adecoagro S.A. (NYSE:AGRO) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,160,000 shares, an increase of 22.8% from the June 30th total of 944,900 shares. Based on an average daily volume of 678,900 shares, the short-interest ratio is currently 1.7 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in shares of Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after purchasing an additional 2,923 shares during the period. Sei Investments Co. grew its stake in Adecoagro by 13.6% in the first quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock valued at $788,000 after acquiring an additional 8,559 shares during the period. Claret Asset Management Corp raised its position in shares of Adecoagro by 3.1% during the fourth quarter. Claret Asset Management Corp now owns 300,512 shares of the company’s stock worth $3,336,000 after purchasing an additional 9,110 shares during the period. Inspire Investing LLC lifted its holdings in shares of Adecoagro by 15.8% in the 1st quarter. Inspire Investing LLC now owns 80,977 shares of the company’s stock worth $892,000 after purchasing an additional 11,066 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Adecoagro in the 1st quarter valued at $128,000. Institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Up 0.2 %

Shares of AGRO traded up $0.01 during mid-day trading on Tuesday, reaching $9.49. 1,147,299 shares of the company were exchanged, compared to its average volume of 586,277. The business has a 50 day simple moving average of $9.53 and a two-hundred day simple moving average of $10.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87. The stock has a market capitalization of $987.77 million, a PE ratio of 4.02, a PEG ratio of 1.51 and a beta of 1.10. Adecoagro has a 52 week low of $8.96 and a 52 week high of $12.51.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. The firm had revenue of $261.78 million during the quarter. On average, analysts predict that Adecoagro will post 1.63 earnings per share for the current fiscal year.

Adecoagro Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.1682 per share. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. This represents a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 13th. Adecoagro’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Upgrades and Downgrades

AGRO has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Adecoagro from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $10.50 to $11.50 in a research report on Monday, July 1st. StockNews.com upgraded shares of Adecoagro from a “hold” rating to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.50.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.