Adecoagro S.A. (NYSE:AGRO) Short Interest Down 8.1% in December

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

Hedge Funds Weigh In On Adecoagro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Adecoagro in the third quarter valued at about $37,000. Point72 Hong Kong Ltd purchased a new stake in Adecoagro in the second quarter valued at approximately $42,000. Quarry LP increased its holdings in Adecoagro by 259.4% in the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock worth $74,000 after buying an additional 5,484 shares during the period. Blue Trust Inc. raised its position in Adecoagro by 1,281.5% during the 3rd quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after buying an additional 6,792 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Adecoagro during the 3rd quarter valued at approximately $94,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Down 1.9 %

AGRO stock opened at $9.66 on Monday. The stock has a market capitalization of $1.01 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04. Adecoagro has a 52 week low of $8.72 and a 52 week high of $12.07. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $10.31 and a 200 day moving average of $10.61.

Adecoagro Increases Dividend

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

Wall Street Analyst Weigh In

Separately, UBS Group started coverage on shares of Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and an average price target 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.