Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,130,000 shares, a drop of 8.1% from the December 15th total of 1,230,000 shares. Based on an average trading volume of 599,900 shares, the short-interest ratio is presently 1.9 days. Approximately 1.3% of the shares of the company are sold short.

Adecoagro Trading Down 1.9 %

NYSE AGRO traded down $0.19 during mid-day trading on Monday, reaching $9.66. 614,906 shares of the stock were exchanged, compared to its average volume of 429,238. Adecoagro has a 1-year low of $8.72 and a 1-year high of $12.07. The business’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $10.61. The stock has a market capitalization of $1.01 billion, a PE ratio of 6.44, a PEG ratio of 1.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40.

Adecoagro Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.174 per share. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. This represents a dividend yield of 2.9%. The ex-dividend date was Tuesday, November 12th. Adecoagro’s payout ratio is presently 23.33%.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Adecoagro in the third quarter worth $37,000. Point72 Hong Kong Ltd bought a new stake in shares of Adecoagro in the 2nd quarter worth about $42,000. Quarry LP raised its stake in shares of Adecoagro by 259.4% in the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after purchasing an additional 5,484 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Adecoagro by 1,281.5% during the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after purchasing an additional 6,792 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Adecoagro in the third quarter worth about $94,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group assumed coverage on Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.63.

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.