B. Riley Wealth Advisors Inc. Has $1.45 Million Stock Position in Adecoagro S.A. (NYSE:AGRO)

B. Riley Wealth Advisors Inc. lowered its stake in Adecoagro S.A. (NYSE:AGRO) by 21.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 123,990 shares of the company’s stock after selling 33,000 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.12% of Adecoagro worth $1,449,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Adecoagro by 168.4% in the 4th 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. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Adecoagro in the 1st quarter valued at about $128,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Adecoagro in the 1st quarter valued at about $176,000. Principal Securities Inc. acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $204,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Price Performance

Shares of NYSE AGRO opened at $9.78 on Thursday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 1.52 and a beta of 1.10. The business has a 50-day moving average of $9.53 and a 200-day moving average of $10.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.87 and a quick ratio of 1.16. Adecoagro S.A. has a fifty-two week low of $8.96 and a fifty-two week high of $12.51.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.22 EPS for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. The business had revenue of $261.78 million during the quarter. As a group, sell-side analysts predict that Adecoagro S.A. 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. Investors of record on Tuesday, May 14th were issued a dividend of $0.1682 per share. The ex-dividend date was Monday, May 13th. This represents a yield of 2.9%. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analysts Forecast Growth

AGRO has been the topic of several recent research reports. JPMorgan Chase & Co. raised Adecoagro from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $10.50 to $11.50 in a research note on Monday, July 1st. StockNews.com raised Adecoagro from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Adecoagro presently has an average rating of “Moderate Buy” and an average price target of $12.50.

About Adecoagro

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.